Franklin High Yield Corporate ETF (FLHY) Announces Monthly Dividend of $0.1347
The Franklin High Yield Corporate ETF (FLHY) has declared a monthly dividend of $0.1347 per share. The distribution carries a forward yield of 6.87%. Shareholders of record as of November 2 will be eligible for the payment, which is scheduled to be paid on November 5. This announcement comes amid broader market concerns regarding U.S. high-yield credit stress, as spreads for CCC-rated debt have recently reached four-year highs. Investors monitoring FLHY should weigh the consistent dividend yield against the increasing volatility and risk profiles within the high-yield corporate credit sector.
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Topics: dividend declaration ETF high-yield credit