Templeton Emerging Markets Income Fund (NYSE:TEI) Shareholders Set to Receive $0.06 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.0615 per share on Thursday, December 31st. This represents a $0.74 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Wednesday, December 23rd.

Templeton Emerging Markets Income Fund Stock Down 0.5%

TEI stock opened at $6.17 on Thursday. Templeton Emerging Markets Income Fund has a fifty-two week low of $5.75 and a fifty-two week high of $7.00. The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $6.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of Templeton Emerging Markets Income Fund by 6.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 48,854 shares of the company’s stock valued at $300,000 after purchasing an additional 3,030 shares during the period. Kaizen Financial Strategies raised its position in Templeton Emerging Markets Income Fund by 1.8% in the first quarter. Kaizen Financial Strategies now owns 174,506 shares of the company’s stock worth $1,157,000 after acquiring an additional 3,126 shares in the last quarter. Noble Wealth Management PBC raised its position in Templeton Emerging Markets Income Fund by 49.2% in the second quarter. Noble Wealth Management PBC now owns 10,825 shares of the company’s stock worth $73,000 after acquiring an additional 3,570 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Templeton Emerging Markets Income Fund by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock valued at $3,466,000 after acquiring an additional 3,920 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in Templeton Emerging Markets Income Fund in the 1st quarter valued at about $32,000.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.