Western Asset Emerging Markets Debt Fund Inc. (EMD) To Go Ex-Dividend on January 23rd

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Thursday, November 20th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.095 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Friday, January 23rd.

Western Asset Emerging Markets Debt Fund Stock Up 0.4%

EMD stock opened at $10.83 on Wednesday. Western Asset Emerging Markets Debt Fund has a 1 year low of $8.56 and a 1 year high of $10.97. The company has a fifty day simple moving average of $10.68 and a 200 day simple moving average of $10.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock valued at $916,000 after acquiring an additional 1,464 shares in the last quarter. Uncommon Cents Investing LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 128.9% during the second quarter. Uncommon Cents Investing LLC now owns 80,790 shares of the company’s stock valued at $812,000 after purchasing an additional 45,500 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Western Asset Emerging Markets Debt Fund by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 63,292 shares of the company’s stock valued at $636,000 after purchasing an additional 3,490 shares during the period. Matisse Capital lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 96.6% in the second quarter. Matisse Capital now owns 45,659 shares of the company’s stock worth $459,000 after buying an additional 22,433 shares during the last quarter. Finally, Comprehensive Money Management Services LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 7.6% in the second quarter. Comprehensive Money Management Services LLC now owns 66,988 shares of the company’s stock worth $673,000 after buying an additional 4,760 shares during the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.