Templeton Emerging Markets Income Fund (NYSE:TEI) Raises Dividend to $0.06 Per Share

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, October 14th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0615 per share on Friday, October 30th. This represents a $0.74 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Friday, October 23rd. This is a 13.9% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.0540.

Templeton Emerging Markets Income Fund Stock Down 0.5%

Shares of NYSE:TEI opened at $6.17 on Thursday. Templeton Emerging Markets Income Fund has a twelve month low of $5.75 and a twelve month high of $7.00. The stock’s 50 day moving average is $6.53 and its 200-day moving average is $6.50.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.