Western Asset Emerging Markets Debt Fund Inc. Announces Monthly Dividend of $0.10 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.095 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Thursday, April 23rd.

Western Asset Emerging Markets Debt Fund Trading Down 1.1%

Shares of NYSE EMD traded down $0.12 during mid-day trading on Monday, reaching $11.02. 193,179 shares of the company’s stock were exchanged, compared to its average volume of 249,791. The business has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $10.59. Western Asset Emerging Markets Debt Fund has a twelve month low of $8.56 and a twelve month high of $11.30.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Several large investors have recently made changes to their positions in the stock. Equitable Holdings Inc. bought a new stake in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $118,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter valued at about $116,000. Evolve Private Wealth LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $124,000. HRT Financial LP bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $127,000. Finally, Level Four Advisory Services LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund by 8.9% during the second quarter. Level Four Advisory Services LLC now owns 13,615 shares of the company’s stock worth $137,000 after buying an additional 1,115 shares during the period. Institutional investors own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.