Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) to Issue $0.04 Monthly Dividend
Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.042 per share on Thursday, October 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Friday, October 11th.
Templeton Emerging Markets Income Fund has raised its dividend payment by an average of 2.8% annually over the last three years.
Shares of TEI stock traded up $0.06 during trading hours on Thursday, reaching $9.04. 1,805 shares of the company’s stock were exchanged, compared to its average volume of 144,017. Templeton Emerging Markets Income Fund has a fifty-two week low of $8.95 and a fifty-two week high of $10.58. The business has a fifty day moving average price of $9.23 and a 200-day moving average price of $9.94.
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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