Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Plans Dividend Increase – $0.10 Per Share

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be given a dividend of 0.095 per share on Tuesday, July 1st. This represents a dividend yield of 11.66%. The ex-dividend date of this dividend is Monday, June 23rd. This is a 5.6% increase from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD opened at $9.81 on Thursday. The stock’s 50-day moving average price is $9.48 and its two-hundred day moving average price is $9.68. Western Asset Emerging Markets Debt Fund has a 12-month low of $8.56 and a 12-month high of $10.33.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Asset Emerging Markets Debt Fund stock. NewEdge Advisors LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,651 shares of the company’s stock after purchasing an additional 1,464 shares during the period. NewEdge Advisors LLC owned 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 as of its most recent filing with the Securities and Exchange Commission. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.