Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on July 31st

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, July 8th, Wall Street Journal reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.0475 per share on Wednesday, July 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Thursday, July 18th.

Templeton Emerging Markets Income Fund Price Performance

TEI stock opened at $5.39 on Wednesday. The stock has a 50-day moving average price of $5.40 and a two-hundred day moving average price of $5.29. Templeton Emerging Markets Income Fund has a 12-month low of $4.35 and a 12-month high of $5.73.

Templeton Emerging Markets Income Fund Company Profile

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.