Franklin Universal Trust (“FT” or the “Fund”) Announces Distribution

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) has declared a monthly distribution of $0.0425 per share from net investment income, payable on December 31, 2024, to shareholders of record on December 16, 2024. The Fund's primary objective is to provide high current income while preserving capital, with a secondary focus on income growth through dividend increases and capital appreciation.

The Fund is managed by Franklin Templeton, a global investment management organization with over $1.6 trillion in assets under management as of October 31, 2024. The company operates in over 150 countries, employing more than 1,500 investment professionals worldwide.

Positive

• Monthly dividend distribution maintained at $0.0425 per share
• Strong institutional backing with $1.6 trillion in assets under management

Negative

• None.

Insights

Financial Analyst

The announced $0.0425 monthly distribution represents a continuation of FT's commitment to providing regular income to shareholders. With a market cap of $192.6 million, this closed-end fund maintains its focus on high current income while preserving capital. The distribution announcement, while routine, helps maintain transparency with shareholders. The fund's dual objective of income generation and capital appreciation, combined with Franklin Templeton's substantial $1.6 trillion AUM, suggests stable management backing. However, investors should note the standard disclaimer that past distributions don't guarantee future performance. This regular distribution pattern is particularly relevant for income-focused investors in the current market environment.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on December 31, 2024, to shareholders of record on December 16, 2024 (Ex-Dividend Date: December 16, 2024).

The Fund’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. Distributions may vary based on the Fund’s net investment income. Past distributions are not indicative of future trends.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s distribution policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

For further information on Franklin Universal Trust, please
visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of October 31, 2024. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241206778071/en/

For more information, please contact Franklin Templeton at 1-800-342-5236

Source: Franklin Templeton

FAQ

What is Franklin Universal Trust's (FT) latest dividend amount for December 2024?

Franklin Universal Trust (FT) announced a monthly distribution of $0.0425 per share, payable on December 31, 2024.

When is the ex-dividend date for Franklin Universal Trust's (FT) December 2024 distribution?

The ex-dividend date for FT's December 2024 distribution is December 16, 2024.

What are Franklin Universal Trust's (FT) investment objectives?

FT's primary objective is to provide high current income with capital preservation, and its secondary objective is growth of income through dividend increases and capital appreciation.

How much assets under management does Franklin Universal Trust's (FT) parent company have as of October 2024?

Franklin Templeton, FT's parent company, has over $1.6 trillion in assets under management as of October 31, 2024.