Templeton Emerging Markets Income Fund (NYSE:TEI) Declares $0.05 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, April 13th. Stockholders of record on Thursday, April 23rd will be given a dividend of 0.0475 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Thursday, April 23rd.

Templeton Emerging Markets Income Fund Stock Performance

TEI stock opened at $6.50 on Tuesday. Templeton Emerging Markets Income Fund has a 52-week low of $4.96 and a 52-week high of $7.00. The company’s 50 day simple moving average is $6.51 and its 200-day simple moving average is $6.46.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of large investors have recently made changes to their positions in TEI. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Templeton Emerging Markets Income Fund by 95.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock valued at $35,000 after acquiring an additional 2,860 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Templeton Emerging Markets Income Fund by 572.9% during the first quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock valued at $50,000 after acquiring an additional 7,894 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Templeton Emerging Markets Income Fund during the third quarter valued at approximately $50,000. Farther Finance Advisors LLC acquired a new stake in shares of Templeton Emerging Markets Income Fund during the third quarter valued at approximately $59,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Templeton Emerging Markets Income Fund during the fourth quarter valued at approximately $64,000.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.