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

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Monday, September 9th, Wall Street Journal reports. Shareholders of record on Thursday, September 19th will be paid a dividend of 0.0475 per share on Monday, September 30th. This represents a $0.57 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Thursday, September 19th.

Templeton Emerging Markets Income Fund Price Performance

Shares of TEI stock opened at $5.91 on Wednesday. Templeton Emerging Markets Income Fund has a 12-month low of $4.35 and a 12-month high of $5.91. The firm has a fifty day moving average of $5.58 and a 200-day moving average of $5.43.

About Templeton Emerging Markets Income Fund

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.