Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) to Issue $0.08 Monthly Dividend

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.0845 per share on Monday, October 2nd. This represents a $1.01 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Thursday, September 21st.

Western Asset Emerging Markets Debt Fund has decreased its dividend payment by an average of 5.6% per year over the last three years.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of NYSE EMD opened at $8.81 on Tuesday. Western Asset Emerging Markets Debt Fund has a 12 month low of $7.40 and a 12 month high of $9.75. The firm has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $8.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its holdings in Western Asset Emerging Markets Debt Fund by 4.7% in the 1st quarter. Stephens Inc. AR now owns 42,750 shares of the company’s stock worth $367,000 after purchasing an additional 1,925 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Western Asset Emerging Markets Debt Fund by 26.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,026 shares of the company’s stock worth $226,000 after acquiring an additional 4,425 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Western Asset Emerging Markets Debt Fund by 5.8% in the 1st quarter. Stifel Financial Corp now owns 23,359 shares of the company’s stock worth $201,000 after acquiring an additional 1,274 shares in the last quarter. Family Management Corp bought a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth about $176,000. Finally, Advisory Services Network LLC increased its stake in shares of Western Asset Emerging Markets Debt Fund by 56.9% in the 1st quarter. Advisory Services Network LLC now owns 17,767 shares of the company’s stock worth $153,000 after acquiring an additional 6,442 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.