Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on March 31st

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0475 per share on Monday, March 31st. This represents a $0.57 annualized dividend and a dividend yield of 10.37%. The ex-dividend date of this dividend is Monday, March 17th.

Templeton Emerging Markets Income Fund Stock Up 0.1 %

Shares of Templeton Emerging Markets Income Fund stock opened at $5.50 on Friday. The firm’s 50 day moving average is $5.36 and its 200 day moving average is $5.47. Templeton Emerging Markets Income Fund has a 1 year low of $5.04 and a 1 year high of $5.94.

Templeton Emerging Markets Income Fund Company Profile

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.