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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.0475 per share on Monday, September 30th. This represents a $0.57 annualized dividend and a dividend yield of 9.64%. The ex-dividend date of this dividend is Thursday, September 19th.

Templeton Emerging Markets Income Fund Price Performance

Templeton Emerging Markets Income Fund stock opened at $5.91 on Wednesday. The company’s 50 day simple moving average is $5.58 and its 200 day simple moving average is $5.43. Templeton Emerging Markets Income Fund has a fifty-two week low of $4.35 and a fifty-two week high of $5.91.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.