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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.0475 per share on Wednesday, April 30th. This represents a $0.57 annualized dividend and a yield of 11.33%. The ex-dividend date of this dividend is Thursday, April 17th.

Templeton Emerging Markets Income Fund Price Performance

Shares of Templeton Emerging Markets Income Fund stock opened at $5.03 on Tuesday. Templeton Emerging Markets Income Fund has a 12 month low of $4.78 and a 12 month high of $5.94. The business has a fifty day simple moving average of $5.35 and a two-hundred day simple moving average of $5.39.

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.