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

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.0475 per share on Friday, November 29th. This represents a $0.57 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend is Monday, November 18th.

Templeton Emerging Markets Income Fund Stock Performance

Shares of TEI opened at $5.34 on Friday. The company has a 50-day moving average of $5.67 and a two-hundred day moving average of $5.54. Templeton Emerging Markets Income Fund has a 12-month low of $4.78 and a 12-month high of $5.94.

Templeton Emerging Markets Income Fund Company Profile

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.