Templeton Emerging Markets Income Fund (NYSE:TEI) Declares Monthly Dividend of $0.06

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, October 14th. Investors of record on Friday, October 23rd will be paid a dividend of $0.0615 per share on Friday, October 30th. This represents a $0.74 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Friday, October 23rd. This is a 13.9% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.0540.

Templeton Emerging Markets Income Fund Trading Down 0.5%

NYSE TEI opened at $6.17 on Thursday. The business’s 50-day moving average price is $6.53 and its two-hundred day moving average price is $6.50. Templeton Emerging Markets Income Fund has a 12 month low of $5.75 and a 12 month high of $7.00.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rareview Capital LLC boosted its stake in Templeton Emerging Markets Income Fund by 9.7% during the second quarter. Rareview Capital LLC now owns 605,008 shares of the company’s stock worth $4,078,000 after acquiring an additional 53,423 shares in the last quarter. HighTower Advisors LLC grew its holdings in Templeton Emerging Markets Income Fund by 0.8% in the second quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock worth $3,466,000 after purchasing an additional 3,920 shares during the period. Shaker Financial Services LLC increased its stake in Templeton Emerging Markets Income Fund by 18.6% in the third quarter. Shaker Financial Services LLC now owns 356,491 shares of the company’s stock valued at $2,192,000 after purchasing an additional 55,827 shares in the last quarter. Cetera Investment Advisers increased its stake in Templeton Emerging Markets Income Fund by 3.4% in the first quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock valued at $1,468,000 after purchasing an additional 7,936 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Templeton Emerging Markets Income Fund by 457.1% in the first quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock valued at $1,371,000 after purchasing an additional 187,133 shares in the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.