Templeton Emerging Markets Income Fund (NYSE:TEI) Declares Monthly Dividend of $0.05

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Friday, April 5th, Wall Street Journal reports. Stockholders of record on Wednesday, April 17th will be given a dividend of 0.0475 per share on Tuesday, April 30th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date is Tuesday, April 16th.

Templeton Emerging Markets Income Fund has decreased its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 1 years.

Templeton Emerging Markets Income Fund Stock Down 1.9 %

TEI opened at $5.27 on Monday. The stock’s 50 day moving average price is $5.31 and its 200-day moving average price is $5.04. Templeton Emerging Markets Income Fund has a one year low of $4.35 and a one year high of $5.53.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Evergreen Capital Management LLC grew its stake in Templeton Emerging Markets Income Fund by 13.7% in the fourth quarter. Evergreen Capital Management LLC now owns 2,832,713 shares of the company’s stock worth $15,552,000 after purchasing an additional 341,064 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Templeton Emerging Markets Income Fund by 5.3% during the 1st quarter. Invesco Ltd. now owns 766,696 shares of the company’s stock valued at $5,251,000 after purchasing an additional 38,744 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Templeton Emerging Markets Income Fund by 235.3% during the 4th quarter. Wells Fargo & Company MN now owns 682,223 shares of the company’s stock valued at $3,745,000 after purchasing an additional 478,766 shares during the last quarter. HighTower Advisors LLC raised its stake in Templeton Emerging Markets Income Fund by 3.5% in the 1st quarter. HighTower Advisors LLC now owns 512,186 shares of the company’s stock worth $2,599,000 after acquiring an additional 17,188 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Templeton Emerging Markets Income Fund by 49.9% in the 1st quarter. LPL Financial LLC now owns 353,548 shares of the company’s stock worth $1,792,000 after acquiring an additional 117,721 shares during the last quarter.

Templeton Emerging Markets Income Fund Company Profile

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.