Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Declares Quarterly Dividend of $0.15

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, June 30th. This is a 7.1% increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

MSD opened at $7.34 on Friday. Morgan Stanley Emerging Markets Debt Fund has a 12 month low of $6.91 and a 12 month high of $7.94. The company has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $7.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Everstar Asset Management LLC lifted its position in Morgan Stanley Emerging Markets Debt Fund by 21.9% in the 1st quarter. Everstar Asset Management LLC now owns 256,538 shares of the company’s stock valued at $1,801,000 after acquiring an additional 46,168 shares in the last quarter. Fiera Capital Corp increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 44.7% during the 4th quarter. Fiera Capital Corp now owns 166,173 shares of the company’s stock worth $1,228,000 after purchasing an additional 51,368 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 6.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 58,055 shares of the company’s stock worth $429,000 after purchasing an additional 3,500 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 22.1% during the 4th quarter. Wolverine Asset Management LLC now owns 164,595 shares of the company’s stock worth $1,216,000 after purchasing an additional 29,813 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at about $408,000.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.