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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, May 20th. Stockholders of record on Monday, August 24th will be given a dividend of 0.054 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, August 24th.

Templeton Emerging Markets Income Fund Stock Performance

TEI stock opened at $6.28 on Thursday. Templeton Emerging Markets Income Fund has a 52-week low of $5.48 and a 52-week high of $7.00. The company’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $6.49.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of large investors have recently made changes to their positions in TEI. Evergreen Capital Management LLC increased its stake in Templeton Emerging Markets Income Fund by 0.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,079,241 shares of the company’s stock valued at $19,861,000 after buying an additional 26,106 shares during the period. Shaker Financial Services LLC grew its position in Templeton Emerging Markets Income Fund by 17.9% in the fourth quarter. Shaker Financial Services LLC now owns 179,677 shares of the company’s stock worth $1,159,000 after acquiring an additional 27,330 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Templeton Emerging Markets Income Fund by 3.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 260,405 shares of the company’s stock worth $1,680,000 after acquiring an additional 8,333 shares in the last quarter. Kaizen Financial Strategies grew its position in Templeton Emerging Markets Income Fund by 4.8% in the fourth quarter. Kaizen Financial Strategies now owns 171,380 shares of the company’s stock worth $1,105,000 after acquiring an additional 7,882 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its position in Templeton Emerging Markets Income Fund by 8.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 205,260 shares of the company’s stock worth $1,324,000 after acquiring an additional 16,565 shares in the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.