Virtus Stone Harbor Emerging Markets Income Fund to Issue Monthly Dividend of $0.06 (NYSE:EDF)

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) declared a monthly dividend on Wednesday, June 3rd. Investors of record on Monday, June 15th will be paid a dividend of 0.06 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Monday, June 15th.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of EDF opened at $5.37 on Thursday. The stock has a fifty day moving average price of $5.16 and a 200 day moving average price of $5.04. Virtus Stone Harbor Emerging Markets Income Fund has a 12 month low of $4.72 and a 12 month high of $5.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EDF. Raymond James Financial Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.8% in the second quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock worth $406,000 after purchasing an additional 4,375 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth $80,000. J.W. Cole Advisors Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.5% in the third quarter. J.W. Cole Advisors Inc. now owns 395,380 shares of the company’s stock worth $1,997,000 after purchasing an additional 20,631 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 6.3% in the third quarter. Wedbush Securities Inc. now owns 221,942 shares of the company’s stock valued at $1,121,000 after buying an additional 13,103 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 23.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 21,587 shares of the company’s stock valued at $109,000 after buying an additional 4,094 shares during the period.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.