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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.0475 per share on Monday, June 30th. This represents a $0.57 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Monday, June 16th.

Templeton Emerging Markets Income Fund Stock Performance

Shares of NYSE:TEI traded up $0.03 on Monday, reaching $5.78. 111,047 shares of the company’s stock were exchanged, compared to its average volume of 152,174. Templeton Emerging Markets Income Fund has a twelve month low of $4.78 and a twelve month high of $5.94. The company has a fifty day moving average of $5.38 and a 200-day moving average of $5.35.

Institutional Trading of Templeton Emerging Markets Income Fund

An institutional investor recently raised its position in Templeton Emerging Markets Income Fund stock. Geneos Wealth Management Inc. increased its position in shares of Templeton Emerging Markets Income Fund (NYSE:TEI) by 572.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,272 shares of the company’s stock after purchasing an additional 7,894 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Templeton Emerging Markets Income Fund were worth $50,000 at the end of the most recent reporting period.

Templeton Emerging Markets Income Fund Company Profile

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.