Templeton Emerging Markets Income Fund (NYSE:TEI) to Issue $0.05 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Monday, April 13th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.0475 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, June 23rd.

Templeton Emerging Markets Income Fund Trading Up 1.6%

Shares of NYSE:TEI opened at $6.50 on Tuesday. The business’s 50 day simple moving average is $6.51 and its two-hundred day simple moving average is $6.46. Templeton Emerging Markets Income Fund has a 52-week low of $4.96 and a 52-week high of $7.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEI. Geneos Wealth Management Inc. boosted its holdings in Templeton Emerging Markets Income Fund by 572.9% in the first quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock worth $50,000 after acquiring an additional 7,894 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Templeton Emerging Markets Income Fund by 30.2% in the second quarter. Envestnet Asset Management Inc. now owns 17,119 shares of the company’s stock worth $103,000 after acquiring an additional 3,970 shares in the last quarter. XTX Topco Ltd bought a new position in Templeton Emerging Markets Income Fund in the second quarter worth approximately $130,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Templeton Emerging Markets Income Fund by 95.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock worth $35,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Templeton Emerging Markets Income Fund by 1.8% in the second quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock worth $5,275,000 after acquiring an additional 15,727 shares in the last quarter.

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.