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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, February 20th will be given a dividend of 0.0475 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, February 20th.

Templeton Emerging Markets Income Fund Stock Performance

NYSE TEI traded up $0.02 during trading on Wednesday, hitting $6.66. The stock had a trading volume of 44,811 shares, compared to its average volume of 209,703. The firm has a 50 day moving average price of $6.45 and a 200 day moving average price of $6.26. Templeton Emerging Markets Income Fund has a twelve month low of $4.78 and a twelve month high of $6.70.

Templeton Emerging Markets Income Fund Company Profile

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.