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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.0475 per share on Friday, January 31st. This represents a $0.57 annualized dividend and a yield of 10.96%. The ex-dividend date is Tuesday, January 21st.

Templeton Emerging Markets Income Fund Trading Up 0.4 %

TEI traded up $0.02 on Thursday, hitting $5.20. 193,472 shares of the company were exchanged, compared to its average volume of 156,114. The firm has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $5.50. Templeton Emerging Markets Income Fund has a twelve month low of $5.01 and a twelve month high of $5.94.

About Templeton Emerging Markets Income Fund

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.