Templeton Emerging Markets Income Fund (NYSE:TEI) to Issue $0.05 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEIGet Free Report) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.0475 per share on Friday, January 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date of this dividend is Tuesday, January 21st.

Templeton Emerging Markets Income Fund Stock Up 0.4 %

NYSE:TEI traded up $0.02 during trading hours on Thursday, reaching $5.20. 193,472 shares of the company traded hands, compared to its average volume of 156,114. Templeton Emerging Markets Income Fund has a 1 year low of $5.01 and a 1 year high of $5.94. The business’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.50.

About Templeton Emerging Markets Income Fund

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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.

Further Reading

Dividend History for Templeton Emerging Markets Income Fund (NYSE:TEI)

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