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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be given a dividend of 0.0475 per share on Friday, January 31st. This represents a $0.57 annualized dividend and a yield of 10.96%. The ex-dividend date is Tuesday, January 21st.

Templeton Emerging Markets Income Fund Stock Up 0.4 %

Shares of TEI traded up $0.02 during trading hours on Thursday, hitting $5.20. The company had a trading volume of 193,472 shares, compared to its average volume of 156,114. Templeton Emerging Markets Income Fund has a 52-week low of $5.01 and a 52-week high of $5.94. The stock’s 50 day moving average price is $5.31 and its 200 day moving average price is $5.50.

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.