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

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Monday, December 9th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.0475 per share on Tuesday, December 31st. This represents a $0.57 annualized dividend and a yield of 10.59%. The ex-dividend date of this dividend is Monday, December 16th.

Templeton Emerging Markets Income Fund Stock Down 0.2 %

Shares of TEI traded down $0.01 during mid-day trading on Monday, reaching $5.38. The company had a trading volume of 68,422 shares, compared to its average volume of 123,722. The firm has a fifty day simple moving average of $5.54 and a 200-day simple moving average of $5.53. Templeton Emerging Markets Income Fund has a fifty-two week low of $5.01 and a fifty-two week high of $5.94.

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.