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

Templeton Emerging Markets Income Fund (NYSE:TEIGet Free Report) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 0.0475 per share on Friday, May 31st. This represents a $0.57 annualized dividend and a yield of 10.29%. The ex-dividend date of this dividend is Thursday, May 16th.

Templeton Emerging Markets Income Fund has increased its dividend payment by an average of 14.8% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Templeton Emerging Markets Income Fund Price Performance

NYSE:TEI traded up $0.06 on Wednesday, reaching $5.54. The stock had a trading volume of 29,748 shares, compared to its average volume of 131,099. The firm’s fifty day moving average is $5.32 and its two-hundred day moving average is $5.16. Templeton Emerging Markets Income Fund has a 12-month low of $4.35 and a 12-month high of $5.55.

Templeton Emerging Markets Income Fund Company Profile

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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.

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Dividend History for Templeton Emerging Markets Income Fund (NYSE:TEI)

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