Western Asset Emerging Markets Debt Fund Inc. (EMD) To Go Ex-Dividend on October 23rd

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of $0.0950 per share on Friday, October 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Friday, October 23rd. This is a 187.9% increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.0330.

Western Asset Emerging Markets Debt Fund Trading Down 1.1%

Shares of EMD stock opened at $9.30 on Wednesday. Western Asset Emerging Markets Debt Fund has a 1 year low of $9.10 and a 1 year high of $11.30. The business’s fifty day moving average is $9.96 and its 200-day moving average is $10.36.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EMD. Bank of America Corp DE bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at approximately $5,670,000. Rareview Capital LLC raised its position in Western Asset Emerging Markets Debt Fund by 8.4% during the second quarter. Rareview Capital LLC now owns 311,012 shares of the company’s stock valued at $3,126,000 after acquiring an additional 24,208 shares in the last quarter. Royal Bank of Canada raised its position in Western Asset Emerging Markets Debt Fund by 21.4% during the first quarter. Royal Bank of Canada now owns 267,125 shares of the company’s stock valued at $2,624,000 after acquiring an additional 47,135 shares in the last quarter. Uncommon Cents Investing Inc raised its position in Western Asset Emerging Markets Debt Fund by 5.5% during the third quarter. Uncommon Cents Investing Inc now owns 179,111 shares of the company’s stock valued at $1,676,000 after acquiring an additional 9,415 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Western Asset Emerging Markets Debt Fund by 16.6% in the second quarter. NewEdge Advisors LLC now owns 108,981 shares of the company’s stock valued at $1,170,000 after acquiring an additional 15,533 shares during the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund (NYSE: EMD) is a closed-end investment fund focused on debt securities issued by governments, government-related entities and companies in emerging-market countries. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through an actively managed portfolio of emerging-markets fixed-income investments.

Its investments may include sovereign and quasi-sovereign bonds, corporate debt, local-currency and hard-currency securities, and other fixed-income instruments.