Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD) to Issue Quarterly Dividend of $0.14 on April 15th

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) announced a quarterly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.14 per share by the investment management company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 7.7% increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

EDD stock opened at $5.21 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.28 and a twelve month high of $6.18. The stock’s 50 day moving average is $5.80 and its 200-day moving average is $5.58.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.