Franklin Universal Tr: Dividend Insights
Portfolio Pulse from Benzinga Insights
Franklin Universal Trust (NYSE:FT) announced a monthly dividend of 4.25 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 4.25 cents lower to reflect the payout. Shareholders owning the stock by the end of Thursday will receive the dividend on December 29, 2023.
December 12, 2023 | 2:45 pm
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Franklin Universal Trust (NYSE:FT) will pay a monthly dividend of 4.25 cents per share. The stock is expected to open lower by the dividend amount on the ex-dividend date, which is Friday.
The stock price of Franklin Universal Trust is likely to decrease in the short term due to the ex-dividend adjustment, which typically reduces the stock price by the amount of the dividend paid. This is a common and expected occurrence on ex-dividend dates.
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