Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 17th will be paid a dividend of 0.0651 per share on Monday, December 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Friday, December 14th.
Templeton Emerging Markets Income Fund has decreased its dividend by an average of 19.6% annually over the last three years.
Shares of TEI stock traded down $0.03 during trading hours on Wednesday, hitting $9.55. 264,383 shares of the company were exchanged, compared to its average volume of 178,248. Templeton Emerging Markets Income Fund has a 1 year low of $9.46 and a 1 year high of $11.98.
About Templeton Emerging Markets Income Fund
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.
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