Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Announces Monthly Dividend of $0.10

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.095 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Tuesday, March 24th.

Western Asset Emerging Markets Debt Fund Trading Down 1.1%

Shares of NYSE:EMD traded down $0.12 on Monday, hitting $11.02. 193,179 shares of the company were exchanged, compared to its average volume of 249,791. Western Asset Emerging Markets Debt Fund has a 1-year low of $8.56 and a 1-year high of $11.30. The stock’s 50 day moving average price is $10.91 and its 200 day moving average price is $10.59.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of Western Asset Emerging Markets Debt Fund by 4.1% in the fourth quarter. Morgan Stanley now owns 8,968,464 shares of the company’s stock worth $95,335,000 after purchasing an additional 354,205 shares during the last quarter. LPL Financial LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 2.3% in the 4th quarter. LPL Financial LLC now owns 863,751 shares of the company’s stock worth $9,182,000 after buying an additional 19,449 shares during the period. Advisors Asset Management Inc. raised its position in Western Asset Emerging Markets Debt Fund by 0.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 647,201 shares of the company’s stock worth $6,504,000 after buying an additional 2,511 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Western Asset Emerging Markets Debt Fund by 20.4% during the 3rd quarter. Penserra Capital Management LLC now owns 623,598 shares of the company’s stock valued at $6,435,000 after acquiring an additional 105,855 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 38.1% in the 3rd quarter. Raymond James Financial Inc. now owns 491,657 shares of the company’s stock valued at $5,074,000 after acquiring an additional 135,673 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.