Templeton Emerging Markets Income Fund, Inc. (TEI) To Go Ex-Dividend on August 14th
Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.065 per share on Friday, August 30th. This represents a $0.78 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend is Wednesday, August 14th.
Templeton Emerging Markets Income Fund has increased its dividend payment by an average of 2.8% per year over the last three years.
Shares of NYSE:TEI traded down $0.10 on Monday, hitting $10.08. The company had a trading volume of 103,950 shares, compared to its average volume of 143,790. Templeton Emerging Markets Income Fund has a 1-year low of $8.96 and a 1-year high of $10.58. The stock’s 50 day moving average is $10.20.
Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.
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