Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) to Issue Quarterly Dividend of $0.22 on October 15th

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) announced a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.22 per share on Tuesday, October 15th. This represents a $0.88 annualized dividend and a dividend yield of 10.83%. The ex-dividend date is Monday, September 30th.

Morgan Stanley Emerging Markets Debt Fund has raised its dividend by an average of 23.3% per year over the last three years.

Morgan Stanley Emerging Markets Debt Fund Stock Up 0.2 %

Shares of MSD stock traded up $0.02 during trading on Friday, hitting $8.13. 66,385 shares of the stock traded hands, compared to its average volume of 72,434. The firm’s fifty day moving average price is $7.73 and its 200-day moving average price is $7.42. Morgan Stanley Emerging Markets Debt Fund has a 52-week low of $6.11 and a 52-week high of $8.21.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.