Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on May 29th

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Monday, April 13th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.0475 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Thursday, May 21st.

Templeton Emerging Markets Income Fund Stock Performance

Templeton Emerging Markets Income Fund stock opened at $6.24 on Tuesday. The company has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $6.50. Templeton Emerging Markets Income Fund has a one year low of $5.44 and a one year high of $7.00.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in Templeton Emerging Markets Income Fund in the 1st quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. grew its position in Templeton Emerging Markets Income Fund by 95.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock valued at $35,000 after buying an additional 2,860 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Templeton Emerging Markets Income Fund by 572.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock valued at $50,000 after buying an additional 7,894 shares in the last quarter. Advisory Services Network LLC bought a new position in Templeton Emerging Markets Income Fund in the 3rd quarter valued at about $50,000. Finally, Global Retirement Partners LLC bought a new position in Templeton Emerging Markets Income Fund in the 4th quarter valued at about $64,000.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.