Western Asset Emerging Markets Debt Fund Inc. (EMD) to Issue Monthly Dividend of $0.09 on June 2nd

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.09 per share on Monday, June 2nd. This represents a $1.08 annualized dividend and a yield of 10.98%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.08.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE EMD opened at $9.84 on Friday. The company has a fifty day simple moving average of $9.82 and a 200 day simple moving average of $9.89. Western Asset Emerging Markets Debt Fund has a 12-month low of $8.89 and a 12-month high of $10.33.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.