Templeton Emerging Markets Income Fund (NYSE:TEI) Raises Dividend to $0.05 Per Share

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Wednesday, May 20th. Investors of record on Friday, July 24th will be paid a dividend of 0.054 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, July 24th. This is a 13.7% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05.

Templeton Emerging Markets Income Fund Trading Up 1.8%

Shares of TEI stock opened at $6.28 on Thursday. The firm has a fifty day moving average price of $6.33 and a 200 day moving average price of $6.49. Templeton Emerging Markets Income Fund has a 12 month low of $5.48 and a 12 month high of $7.00.

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.