The stock price of Franklin Universal Trust is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The importance is rated high because dividends are a significant event for shareholders, but not at the maximum because it is a routine event for a company with a regular dividend policy. The confidence level is high due to the predictable nature of ex-dividend price adjustments.