Templeton Dragon Fund, Inc. (TDF) To Go Ex-Dividend on September 23rd

Templeton Dragon Fund, Inc. (NYSE:TDF) declared a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Templeton Dragon Fund Stock Performance

Shares of NYSE:TDF traded up $0.20 during trading on Monday, reaching $10.32. The stock had a trading volume of 1,161 shares, compared to its average volume of 73,396. Templeton Dragon Fund has a 52 week low of $9.95 and a 52 week high of $12.20. The business’s 50-day moving average price is $10.72 and its 200 day moving average price is $10.90.

Institutional Investors Weigh In On Templeton Dragon Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of Templeton Dragon Fund by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after acquiring an additional 238,581 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Templeton Dragon Fund during the 2nd quarter worth approximately $6,574,000. 1607 Capital Partners LLC grew its position in shares of Templeton Dragon Fund by 50.9% in the 4th quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock valued at $1,840,000 after acquiring an additional 55,093 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Templeton Dragon Fund during the second quarter worth approximately $184,000. Finally, 180 Wealth Advisors LLC raised its stake in Templeton Dragon Fund by 5.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock valued at $3,317,000 after acquiring an additional 15,084 shares during the period. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.