Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Plans Monthly Dividend of $0.09

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.09 per share on Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date is Thursday, May 22nd. This is a boost from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.08.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $9.84 on Friday. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.89 and a 52-week high of $10.33. The stock’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $9.89.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.