Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Will Pay Monthly Dividend of $0.06

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Tuesday, October 13th. Investors of record on Wednesday, December 23rd will be paid a dividend of $0.0615 per share on Thursday, December 31st. This represents a $0.74 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Wednesday, December 23rd.

Templeton Emerging Markets Income Fund Stock Performance

Templeton Emerging Markets Income Fund stock opened at $6.17 on Thursday. Templeton Emerging Markets Income Fund has a 1 year low of $5.75 and a 1 year high of $7.00. The firm’s 50 day moving average price is $6.53 and its two-hundred day moving average price is $6.50.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Rareview Capital LLC boosted its stake in shares of Templeton Emerging Markets Income Fund by 9.7% during the 2nd 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 shares of Templeton Emerging Markets Income Fund by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock worth $3,466,000 after acquiring an additional 3,920 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of Templeton Emerging Markets Income Fund by 18.6% in the 3rd quarter. Shaker Financial Services LLC now owns 356,491 shares of the company’s stock worth $2,192,000 after acquiring an additional 55,827 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Templeton Emerging Markets Income Fund by 3.4% during the first quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock worth $1,468,000 after purchasing an additional 7,936 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Templeton Emerging Markets Income Fund by 457.1% during the first quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock worth $1,371,000 after purchasing an additional 187,133 shares during the period.

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.