Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Declares Quarterly Dividend of $0.22

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) declared a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.22 per share on Tuesday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.85%. The ex-dividend date is Monday, March 31st.

Morgan Stanley Emerging Markets Debt Fund has raised its dividend payment by an average of 26.7% per year over the last three years.

Morgan Stanley Emerging Markets Debt Fund Price Performance

MSD traded down $0.11 during midday trading on Friday, hitting $8.11. 92,680 shares of the company’s stock traded hands, compared to its average volume of 76,678. The stock’s fifty day simple moving average is $8.11 and its 200-day simple moving average is $7.88. Morgan Stanley Emerging Markets Debt Fund has a one year low of $6.86 and a one year high of $8.32.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.