Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 12-Month High – What’s Next?

Templeton Emerging Markets Investment Trust plc (LON:TEM)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 175.60 ($2.21) and last traded at GBX 175.40 ($2.21), with a volume of 2567020 shares changing hands. The stock had previously closed at GBX 172.60 ($2.17).

Templeton Emerging Markets Investment Trust Stock Up 0.9 %

The company has a debt-to-equity ratio of 4.91, a current ratio of 1.47 and a quick ratio of 3.25. The firm’s 50 day moving average is GBX 167.82 and its two-hundred day moving average is GBX 165.61. The firm has a market capitalization of £1.86 billion, a P/E ratio of 14.24 and a beta of 0.61.

Templeton Emerging Markets Investment Trust (LON:TEM) last released its quarterly earnings data on Monday, December 9th. The company reported GBX 3.60 ($0.05) earnings per share for the quarter. Templeton Emerging Markets Investment Trust had a net margin of 81.07% and a return on equity of 7.07%.

Templeton Emerging Markets Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, December 19th were paid a GBX 2 ($0.03) dividend. The ex-dividend date was Thursday, December 19th. This represents a yield of 1.19%. Templeton Emerging Markets Investment Trust’s dividend payout ratio is 48.11%.

Templeton Emerging Markets Investment Trust Company Profile

Launched thirty years ago in June 1989, Templeton Emerging Markets Investment Trust PLC (“TEMIT”) is an investment trust that invests principally in emerging markets companies with the aim of delivering capital growth to shareholders over the long term. While the majority of the Company’s shareholders are based in the UK, shares are quoted on both the London and New Zealand Stock Exchanges.