Templeton Dragon Fund, Inc. (NYSE:TDF) Declares Dividend Increase – $0.15 Per Share

Templeton Dragon Fund, Inc. (NYSE:TDF) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Tuesday, June 23rd. This is a 50.0% increase from Templeton Dragon Fund’s previous quarterly dividend of $0.10.

Templeton Dragon Fund Stock Down 0.5%

Shares of TDF opened at $11.13 on Thursday. Templeton Dragon Fund has a 52-week low of $9.42 and a 52-week high of $12.20. The firm’s fifty day moving average is $11.07 and its two-hundred day moving average is $11.33.

About Templeton Dragon Fund

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.