Templeton Emerging Markets Income Fund to Issue Monthly Dividend of $0.05 (NYSE:TEI)

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Monday, November 18th will be given a dividend of 0.0475 per share on Friday, November 29th. This represents a $0.57 annualized dividend and a dividend yield of 10.14%. The ex-dividend date is Monday, November 18th.

Templeton Emerging Markets Income Fund Trading Up 0.7 %

Shares of NYSE:TEI traded up $0.04 during trading on Friday, hitting $5.62. The company’s stock had a trading volume of 162,120 shares, compared to its average volume of 122,776. Templeton Emerging Markets Income Fund has a fifty-two week low of $4.66 and a fifty-two week high of $5.94. The stock’s 50-day moving average price is $5.70 and its two-hundred day moving average price is $5.53.

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.