Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.59 and traded as low as $5.52. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5550, with a volume of 243,736 shares trading hands.
Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance
The firm has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.59.
Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.14 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Tuesday, March 31st.
Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund
About Morgan Stanley Emerging Markets Domestic Debt Fund
The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.
Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.
Further Reading
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