Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) announced a monthly dividend on Wednesday, May 20th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.054 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Friday, July 24th. This is a 13.7% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05.
Templeton Emerging Markets Income Fund Trading Up 0.1%
NYSE TEI opened at $6.78 on Wednesday. Templeton Emerging Markets Income Fund has a 12 month low of $5.75 and a 12 month high of $7.00. The company’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.53.
Templeton Emerging Markets Income Fund Company Profile
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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