Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) announced a dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Thursday, November 15th will be given a dividend of 0.066 per share on Friday, November 30th. The ex-dividend date is Wednesday, November 14th.
Templeton Emerging Markets Income Fund has decreased its dividend by an average of 19.6% annually over the last three years.
Shares of TEI stock opened at $9.69 on Friday. Templeton Emerging Markets Income Fund has a twelve month low of $9.53 and a twelve month high of $11.98.
In related news, major shareholder Saba Capital Management, L.P. sold 63,130 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $10.57, for a total value of $667,284.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 631,258 shares of company stock worth $6,498,307 over the last three months.
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.
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