Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.0475 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, March 24th.
Templeton Emerging Markets Income Fund Trading Down 1.4%
Shares of TEI opened at $6.13 on Friday. Templeton Emerging Markets Income Fund has a twelve month low of $4.78 and a twelve month high of $7.00. The business’s 50-day moving average price is $6.68 and its 200-day moving average price is $6.47.
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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