Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Raises Dividend to $0.10 Per Share

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.095 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 187.9% increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03.

Western Asset Emerging Markets Debt Fund Trading Up 0.2%

Shares of NYSE EMD traded up $0.02 during trading hours on Thursday, hitting $10.58. 73,175 shares of the stock were exchanged, compared to its average volume of 215,980. Western Asset Emerging Markets Debt Fund has a 12 month low of $9.60 and a 12 month high of $11.30. The firm has a fifty day moving average price of $10.60 and a 200-day moving average price of $10.63.

Western Asset Emerging Markets Debt Fund Company Profile

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.