Franklin Limited Duration Income Trust Declares Monthly Dividend of $0.06
Franklin Limited Duration Income Trust (NYSEAMERICAN: FTF) has announced a monthly dividend of $0.06 per share, payable to shareholders of record on December 15, 2023. This dividend will be distributed on December 31, 2023, reflecting an annualized yield of 12.1%. The ex-dividend date is also set for December 15, meaning that investors must hold shares before this date to qualify for the upcoming payment.
Trading activity for Franklin Limited Duration Income Trust saw shares decrease by $0.04 on December 5, 2023, closing at $6.09. The stock experienced a trading volume of 144,641 shares, which is lower than its average volume of 182,752 shares. Over the past year, the stock has fluctuated between a low of $5.57 and a high of $6.75. Currently, the fund’s 50-day moving average stands at $6.16, while the 200-day moving average is $6.33.
Investor Activity and Institutional Holdings
Recent trading activity indicates increased interest from institutional investors in Franklin Limited Duration Income Trust. Notable transactions include D.A. Davidson & CO. acquiring a new stake valued at approximately $98,000 during the second quarter of 2023. Additionally, Creative Financial Designs Inc. ADV expanded its holdings by 67.1%, bringing its total to 56,408 shares worth around $362,000 after purchasing an additional 22,650 shares.
Other significant increases include Cetera Investment Advisers, which grew its stake by 61.3% in the first quarter, now owning 75,404 shares valued at $487,000. Meanwhile, Penserra Capital Management LLC added 32,741 shares during the second quarter, increasing its stake to 1,108,227 shares, which are now worth approximately $7,114,000. Lastly, Kingsview Wealth Management LLC entered the market with a new stake valued at $173,000.
About Franklin Limited Duration Income Trust
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. and primarily invests in the fixed income markets of the United States. Its investment portfolio includes mortgage-backed securities, asset-backed securities, floating rate bank loans, and high-yield corporate bonds.
As investors keep a close eye on the upcoming dividend, the trust’s strategy and performance in the fixed income sector continue to attract attention. For those interested in staying updated on the latest news and analysis related to Franklin Limited Duration Income Trust, a concise daily summary is available via MarketBeat’s free email newsletter.
