Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.054 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Templeton Emerging Markets Income Fund Stock Up 1.8%
TEI stock opened at $6.28 on Thursday. The business has a 50-day moving average of $6.33 and a 200-day moving average of $6.49. Templeton Emerging Markets Income Fund has a fifty-two week low of $5.48 and a fifty-two week high of $7.00.
About Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.
The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.
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