Templeton Emerging Markets Fund (NYSE:EMF) Plans $0.78 Special Dividend

Templeton Emerging Markets Fund (NYSE:EMF) declared a special dividend on Friday, December 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.7763 per share by the financial services provider on Wednesday, December 31st. This represents a yield of 498.0%. The ex-dividend date is Monday, December 15th.

Templeton Emerging Markets Fund Price Performance

Shares of EMF remained flat at $17.56 on Friday. 36,804 shares of the company traded hands, compared to its average volume of 28,744. Templeton Emerging Markets Fund has a 12 month low of $11.14 and a 12 month high of $18.01. The firm has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $15.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC raised its position in Templeton Emerging Markets Fund by 1.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 129,555 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 1,310 shares during the last quarter. Alexander Randolph Advisory Inc. grew its stake in shares of Templeton Emerging Markets Fund by 1.2% in the second quarter. Alexander Randolph Advisory Inc. now owns 131,992 shares of the financial services provider’s stock worth $1,926,000 after acquiring an additional 1,530 shares during the period. Hilltop National Bank purchased a new position in shares of Templeton Emerging Markets Fund during the second quarter valued at approximately $38,000. Calamos Advisors LLC lifted its position in Templeton Emerging Markets Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 24,061 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 4,295 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in Templeton Emerging Markets Fund by 3.1% in the first quarter. Integrated Wealth Concepts LLC now owns 144,446 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 4,335 shares during the last quarter. 49.86% of the stock is owned by institutional investors.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.