Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on June 30th

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, April 13th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.0475 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Templeton Emerging Markets Income Fund Stock Performance

Shares of TEI stock opened at $6.59 on Friday. Templeton Emerging Markets Income Fund has a 1 year low of $5.75 and a 1 year high of $7.00. The stock’s 50 day simple moving average is $6.43 and its two-hundred day simple moving average is $6.49.

Institutional Trading of Templeton Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in Templeton Emerging Markets Income Fund by 457.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock valued at $1,371,000 after acquiring an additional 187,133 shares during the last quarter. US Bancorp DE lifted its position in shares of Templeton Emerging Markets Income Fund by 1,375.6% during the third quarter. US Bancorp DE now owns 176,492 shares of the company’s stock worth $1,094,000 after purchasing an additional 164,531 shares during the last quarter. Compound Planning Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund during the fourth quarter valued at $662,000. Raymond James Financial Inc. boosted its stake in shares of Templeton Emerging Markets Income Fund by 74.1% during the third quarter. Raymond James Financial Inc. now owns 212,437 shares of the company’s stock valued at $1,317,000 after purchasing an additional 90,430 shares during the period. Finally, Mason & Associates Inc bought a new position in shares of Templeton Emerging Markets Income Fund in the first quarter worth about $496,000.

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.