Western Asset Emerging Markets Debt Fund Inc. Plans Dividend of $0.10 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDGet Free Report) declared a dividend on Wednesday, July 16th, investing.com reports. Shareholders of record on Friday, July 25th will be given a dividend of 0.095 per share on Friday, August 1st. This represents a yield of 11.26%. The ex-dividend date is Thursday, July 24th.

Western Asset Emerging Markets Debt Fund Trading Down 0.4%

NYSE:EMD opened at $10.08 on Friday. Western Asset Emerging Markets Debt Fund has a 1-year low of $8.56 and a 1-year high of $10.33. The firm’s fifty day moving average price is $9.84 and its 200 day moving average price is $9.70.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

A hedge fund recently raised its stake in Western Asset Emerging Markets Debt Fund stock. NewEdge Advisors LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDFree Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,651 shares of the company’s stock after acquiring an additional 1,464 shares during the quarter. NewEdge Advisors LLC owned 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Company Profile

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Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.

Further Reading

Dividend History for Western Asset Emerging Markets Debt Fund (NYSE:EMD)

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