Templeton Dragon Fund, Inc. (NYSE:TDF) Raises Dividend to $0.15 Per Share

Templeton Dragon Fund, Inc. (NYSE:TDF) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 50.0% increase from Templeton Dragon Fund’s previous quarterly dividend of $0.10.

Templeton Dragon Fund Trading Down 0.5%

Shares of Templeton Dragon Fund stock opened at $11.13 on Thursday. Templeton Dragon Fund has a 52 week low of $9.42 and a 52 week high of $12.20. The firm’s 50 day moving average is $11.07 and its two-hundred day moving average is $11.33.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds have recently modified their holdings of TDF. Bank of America Corp DE grew its position in shares of Templeton Dragon Fund by 14.3% during the second quarter. Bank of America Corp DE now owns 248,420 shares of the financial services provider’s stock worth $2,482,000 after acquiring an additional 31,170 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Templeton Dragon Fund in the 3rd quarter valued at $144,000. 1607 Capital Partners LLC grew its position in Templeton Dragon Fund by 111.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 108,318 shares of the financial services provider’s stock valued at $1,262,000 after buying an additional 57,033 shares during the last quarter. 180 Wealth Advisors LLC grew its position in Templeton Dragon Fund by 14.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 297,577 shares of the financial services provider’s stock valued at $3,351,000 after buying an additional 37,445 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its position in Templeton Dragon Fund by 1.0% in the 4th quarter. Uncommon Cents Investing LLC now owns 535,375 shares of the financial services provider’s stock valued at $6,028,000 after buying an additional 5,465 shares during the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

About Templeton Dragon Fund

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.