Templeton Emerging Markets Income Fund Announces Monthly Dividend of $0.05 (NYSE:TEI)

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.0475 per share on Monday, March 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.46%. The ex-dividend date is Monday, March 17th.

Templeton Emerging Markets Income Fund Stock Performance

NYSE TEI traded up $0.01 on Monday, reaching $5.45. 261,921 shares of the stock traded hands, compared to its average volume of 131,983. Templeton Emerging Markets Income Fund has a 12 month low of $5.04 and a 12 month high of $5.94. The firm’s fifty day simple moving average is $5.33 and its 200 day simple moving average is $5.47.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.