Templeton Emerging Markets Income Fund Announces Special Dividend of $0.31 (NYSE:TEI)

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a special dividend on Friday, December 5th. Shareholders of record on Monday, December 15th will be given a dividend of 0.305 per share on Wednesday, December 31st. This represents a yield of 860.0%. The ex-dividend date of this dividend is Monday, December 15th.

Templeton Emerging Markets Income Fund Trading Up 0.4%

NYSE TEI traded up $0.03 on Friday, hitting $6.63. The company’s stock had a trading volume of 143,518 shares, compared to its average volume of 196,003. Templeton Emerging Markets Income Fund has a 52-week low of $4.78 and a 52-week high of $6.70. The company’s 50-day simple moving average is $6.38 and its 200 day simple moving average is $6.15.

Institutional Trading of Templeton Emerging Markets Income Fund

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Templeton Emerging Markets Income Fund in the 3rd quarter worth $50,000. Citadel Advisors LLC purchased a new position in shares of Templeton Emerging Markets Income Fund during the third quarter valued at about $89,000. Raymond James Financial Inc. raised its stake in Templeton Emerging Markets Income Fund by 74.1% in the third quarter. Raymond James Financial Inc. now owns 212,437 shares of the company’s stock worth $1,317,000 after buying an additional 90,430 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Templeton Emerging Markets Income Fund by 8.3% in the third quarter. SeaCrest Wealth Management LLC now owns 36,840 shares of the company’s stock worth $232,000 after buying an additional 2,813 shares during the period. Finally, US Bancorp DE boosted its position in Templeton Emerging Markets Income Fund by 1,375.6% during the 3rd quarter. US Bancorp DE now owns 176,492 shares of the company’s stock valued at $1,094,000 after acquiring an additional 164,531 shares in the last quarter.

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.