Templeton Emerging Markets Income Fund (TEI) To Go Ex-Dividend on April 16th

by · The Cerbat Gem

Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) announced a monthly dividend on Friday, April 5th, Wall Street Journal reports. Investors of record on Wednesday, April 17th will be given a dividend of 0.0475 per share on Tuesday, April 30th. This represents a $0.57 annualized dividend and a yield of 10.82%. The ex-dividend date is Tuesday, April 16th.

Templeton Emerging Markets Income Fund has decreased its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 1 years.

Templeton Emerging Markets Income Fund Stock Performance

Templeton Emerging Markets Income Fund stock opened at $5.27 on Friday. The company has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $5.03. Templeton Emerging Markets Income Fund has a one year low of $4.35 and a one year high of $5.53.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund in the first quarter worth approximately $51,000. US Bancorp DE acquired a new position in Templeton Emerging Markets Income Fund during the fourth quarter valued at approximately $61,000. B. Riley Wealth Advisors Inc. acquired a new position in Templeton Emerging Markets Income Fund during the third quarter valued at approximately $63,000. HRT Financial LP acquired a new position in Templeton Emerging Markets Income Fund during the first quarter valued at approximately $73,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Templeton Emerging Markets Income Fund in the first quarter worth $91,000.

About Templeton Emerging Markets Income Fund

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Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.

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