Templeton Emerging Markets Income Fund (NYSE:TEI) Announces $0.05 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.0475 per share on Tuesday, December 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend is Monday, December 16th.

Templeton Emerging Markets Income Fund Price Performance

Shares of NYSE TEI opened at $5.32 on Friday. Templeton Emerging Markets Income Fund has a 1-year low of $5.01 and a 1-year high of $5.94. The business’s 50 day moving average is $5.49 and its two-hundred day moving average is $5.53.

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.