Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Declares $0.12 Quarterly Dividend

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) declared a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.12 per share by the investment management company on Tuesday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date is Monday, June 30th.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of NYSE:EDD traded up $0.01 during trading on Monday, reaching $5.10. 156,383 shares of the company were exchanged, compared to its average volume of 264,213. The business’s fifty day simple moving average is $4.89 and its 200-day simple moving average is $4.73. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.28 and a 12-month high of $5.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund stock. NewEdge Advisors LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,392 shares of the investment management company’s stock after acquiring an additional 3,442 shares during the period. NewEdge Advisors LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.