Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) to Issue Dividend Increase – $0.24 Per Share

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.24 per share by the investment management company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 16.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 71.4% increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

EDD opened at $5.67 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.96 and a 1-year high of $6.18. The firm has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $5.62.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.