Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Declares Quarterly Dividend of $0.14

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) declared a quarterly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.14 per share by the investment management company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 7.7% increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

EDD stock opened at $5.21 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.28 and a 1-year high of $6.18. The business has a 50-day moving average price of $5.80 and a 200 day moving average price of $5.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EDD. Evergreen Capital Management LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.9% during the third quarter. Evergreen Capital Management LLC now owns 3,376,960 shares of the investment management company’s stock valued at $18,568,000 after buying an additional 96,306 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at approximately $259,000. Nwam LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 104.0% in the fourth quarter. Nwam LLC now owns 29,036 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 14,800 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth $167,000. Finally, Azzad Asset Management Inc. ADV acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth $109,000.

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.