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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, July 8th, Wall Street Journal reports. Shareholders of record on Thursday, July 18th will be given a dividend of 0.0475 per share on Wednesday, July 31st. This represents a $0.57 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date of this dividend is Thursday, July 18th.

Templeton Emerging Markets Income Fund Stock Performance

TEI opened at $5.57 on Tuesday. The firm’s 50-day moving average price is $5.41 and its 200-day moving average price is $5.30. Templeton Emerging Markets Income Fund has a 52-week low of $4.35 and a 52-week high of $5.73.

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.