Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Increases Dividend to $0.27 Per Share

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.265 per share on Wednesday, January 15th. This represents a $1.06 annualized dividend and a yield of 13.30%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.22.

Morgan Stanley Emerging Markets Debt Fund has raised its dividend payment by an average of 23.3% annually over the last three years.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

Shares of NYSE:MSD traded up $0.01 on Thursday, reaching $7.97. The company’s stock had a trading volume of 55,596 shares, compared to its average volume of 73,157. The company has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $7.62. Morgan Stanley Emerging Markets Debt Fund has a 52-week low of $6.65 and a 52-week high of $8.21.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.