Templeton Emerging Markets Income Fund (NYSE:TEI) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.2953 per share on Friday, December 29th. This represents a $1.18 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Thursday, December 14th. This is a positive change from Templeton Emerging Markets Income Fund’s previous quarterly dividend of $0.11.
Templeton Emerging Markets Income Fund has decreased its dividend by an average of 12.6% per year over the last three years.
Templeton Emerging Markets Income Fund (TEI) traded up $0.03 during trading on Wednesday, hitting $11.64. 196,945 shares of the stock traded hands, compared to its average volume of 164,604. Templeton Emerging Markets Income Fund has a twelve month low of $10.48 and a twelve month high of $11.75.
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Templeton Emerging Markets Income Fund Company Profile
Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.
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