Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) to Issue $0.06 Monthly Dividend

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.06 per share on Tuesday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 14.04%. The ex-dividend date is Friday, April 11th.

Virtus Stone Harbor Emerging Markets Income Fund has increased its dividend by an average of 11.0% annually over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of NYSE EDF opened at $5.13 on Wednesday. The stock’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $5.07. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $4.58 and a one year high of $5.75.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.