Western Asset Emerging Markets Debt Fund Inc. Announces Monthly Dividend of $0.10 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Monday, May 19th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.095 per share on Tuesday, September 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE:EMD opened at $9.70 on Wednesday. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $8.56 and a fifty-two week high of $10.33. The business has a 50 day moving average price of $9.42 and a 200-day moving average price of $9.69.

Institutional Trading of Western Asset Emerging Markets Debt Fund

An institutional investor recently raised its position in Western Asset Emerging Markets Debt Fund stock. NewEdge Advisors LLC grew its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,651 shares of the company’s stock after purchasing an additional 1,464 shares during the quarter. NewEdge Advisors LLC owned approximately 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 at the end of the most recent quarter. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.