Templeton Emerging Markets Income Fund (NYSE:TEI – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 7,400 shares, a decrease of 60.4% from the April 30th total of 18,700 shares. Based on an average trading volume of 157,700 shares, the short-interest ratio is presently 0.0 days.
Templeton Emerging Markets Income Fund Price Performance
Shares of NYSE:TEI traded up $0.10 during trading on Friday, hitting $4.91. The company’s stock had a trading volume of 98,798 shares, compared to its average volume of 183,079. The company has a 50-day moving average of $5.00 and a 200-day moving average of $5.18. Templeton Emerging Markets Income Fund has a 12 month low of $4.33 and a 12 month high of $6.20.
Templeton Emerging Markets Income Fund Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.0476 per share. This is a boost from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.57 dividend on an annualized basis and a yield of 11.63%.
Institutional Investors Weigh In On Templeton Emerging Markets Income Fund
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.
- Get a free copy of the StockNews.com research report on Templeton Emerging Markets Income Fund (TEI)
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