Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Raises Dividend to $0.09 Per Share

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.09 per share on Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date is Thursday, May 22nd. This is an increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.08.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD stock opened at $9.89 on Friday. The firm has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $9.89. Western Asset Emerging Markets Debt Fund has a 12 month low of $8.89 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Company Profile

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.