Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD) to Distribute Quarterly Dividend of $0.21 on October 15th

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.21 per share by the investment management company on Thursday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date is Wednesday, September 30th. This is a 12.5% decrease from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of NYSE:EDD opened at $5.61 on Monday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52 week low of $4.96 and a 52 week high of $6.18. The firm has a 50 day simple moving average of $5.85 and a 200 day simple moving average of $5.66.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of hedge funds have recently modified their holdings of EDD. Opinicus Capital Inc. purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter valued at $51,000. Citadel Advisors LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter worth about $91,000. Noble Wealth Management PBC boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 580.0% during the 2nd quarter. Noble Wealth Management PBC now owns 17,000 shares of the investment management company’s stock worth $100,000 after acquiring an additional 14,500 shares during the period. Two Sigma Securities LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter valued at about $101,000. Finally, Fifth Third Bancorp purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $150,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol EDD. The fund seeks to provide investors with high current income and, to a lesser extent, capital appreciation by investing primarily in debt securities denominated in the local currencies of emerging-market countries.

The fund’s portfolio may include sovereign and government-related obligations, corporate debt, and other fixed-income instruments issued in or linked to emerging markets.