Franklin Limited Duration Income Trust declares $0.0615 dividend
Seeking Alpha News (Tue, 7-May 11:56 AM ET)
Franklin Limited Duration Income Trust ("FTF" or the "Fund") Announces Distribution
Business Wire (Tue, 7-May 11:25 AM ET)
Business Wire (Mon, 29-Apr 12:06 PM ET)
Franklin Templeton Limited Duration Income Trust seeks to provide high, current income, with a secondary objective of capital appreciation to the extent it is possible and consistent with the Fund’s primary objective, through a portfolio consisting primarily of high yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.
Franklin Duration Income Trust trades on the AMEX stock market under the symbol FTF.
As of May 10, 2024, FTF stock price declined to $6.27 with 88,321 million shares trading.
FTF has a beta of 0.37, meaning it tends to be less sensitive to market movements. FTF has a correlation of 0.18 to the broad based SPY ETF.
FTF has a market cap of $253.34 million. This is considered a Small Cap stock.
In the last 3 years, FTF stock traded as high as $9.43 and as low as $5.76.
FTF has underperformed the market in the last year with a price return of +11.3% while the SPY ETF gained +28.4%. FTF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and +1.8%, respectively, while the SPY returned +4.2% and +3.4%, respectively.
FTF support price is $6.24 and resistance is $6.34 (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 FTF stock will trade within this expected range on the day.