Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on January 30th

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.0475 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, January 23rd.

Templeton Emerging Markets Income Fund Stock Up 0.3%

Shares of TEI opened at $6.66 on Thursday. Templeton Emerging Markets Income Fund has a fifty-two week low of $4.78 and a fifty-two week high of $6.70. The firm’s 50 day moving average price is $6.45 and its 200 day moving average price is $6.26.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.