Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) declared a monthly dividend on Wednesday, May 20th. Investors of record on Monday, August 24th will be paid a dividend of 0.054 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, August 24th.
Templeton Emerging Markets Income Fund Stock Up 1.8%
TEI opened at $6.28 on Thursday. The stock’s 50 day moving average price is $6.33 and its two-hundred day moving average price is $6.49. Templeton Emerging Markets Income Fund has a 12-month low of $5.48 and a 12-month high of $7.00.
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.
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