Looking at the universe of stocks we cover at Dividend Channel, on 3/26/13, Franklin Universal Trust (NYSE: FT) will trade ex-dividend, for its monthly dividend of $0.038, payable on 4/15/13. As a percentage of FT‘s recent stock price of $7.49, this dividend works out to approximately 0.51%, so look for shares of Franklin Universal Trust to trade 0.51% lower ? all else being equal ? when FT shares open for trading on 3/26/13.
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Source: FULL ARTICLE at Forbes Markets