Templeton Emerging Markets Income Fund (NYSE:TEI) Declares Dividend Increase – $0.06 Per Share

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, October 14th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.0615 per share on Friday, October 30th. This represents a $0.74 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Friday, October 23rd. This is a 13.9% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.0540.

Templeton Emerging Markets Income Fund Trading Down 0.5%

Shares of TEI opened at $6.17 on Thursday. The firm has a fifty day simple moving average of $6.53 and a two-hundred day simple moving average of $6.50. Templeton Emerging Markets Income Fund has a 1-year low of $5.75 and a 1-year high of $7.00.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.