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Franklin Universal Trust ("FT" or the "Fund") Announces Notification of Sources of Distributions
Business Wire (Thu, 27-Feb 1:31 PM ET)
Franklin Universal Trust ("FT" or the "Fund") Announces Distribution
Business Wire (Fri, 7-Feb 12:26 PM ET)
Franklin Universal Trust’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. The fund invests primarily in two asset classes: high yield bonds and utility stocks. Within the high yield portion of the portfolio, the fund uses fundamental research to invest in a diversified portfolio of bonds. Within the utility portion of the portfolio, the fund focuses on companies with attractive dividend yields and with a history of increasing their dividends.
Franklin Universal Trust trades on the NYSE stock market under the symbol FT.
As of March 6, 2025, FT stock price declined to $7.49 with 57,142 million shares trading.
FT has a beta of 0.25, meaning it tends to be less sensitive to market movements. FT has a correlation of 0.11 to the broad based SPY ETF.
FT has a market cap of $188.24 million. This is considered a Micro Cap stock.
In the last 3 years, FT traded as high as $8.30 and as low as $5.97.
FT has outperformed the market in the last year with a price return of +24.0% while the SPY ETF gained +14.3%. FT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning -0.8% and -0.5%, respectively, while the SPY returned -5.3% and -6.6%, respectively.
FT support price is $7.53 and resistance is $7.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FT shares will trade within this expected range on the day.