Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report)’s share price traded up 0.1% on Monday . The company traded as high as $6.60 and last traded at $6.5740. 111,019 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 195,990 shares. The stock had previously closed at $6.57.
Templeton Emerging Markets Income Fund Stock Performance
The business’s 50 day simple moving average is $6.54 and its two-hundred day simple moving average is $6.53.
Templeton Emerging Markets Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 9.9%.
Hedge Funds Weigh In On Templeton Emerging Markets Income Fund
About Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.
The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.
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