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

Templeton Emerging Markets Income Fund (NYSE:TEIGet Free Report) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.0475 per share on Friday, May 31st. This represents a $0.57 annualized dividend and a yield of 10.29%. The ex-dividend date is Thursday, May 16th.

Templeton Emerging Markets Income Fund has raised its dividend by an average of 14.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Templeton Emerging Markets Income Fund Price Performance

Shares of NYSE TEI traded up $0.06 on Wednesday, hitting $5.54. The company had a trading volume of 29,748 shares, compared to its average volume of 131,099. Templeton Emerging Markets Income Fund has a 12-month low of $4.35 and a 12-month high of $5.55. The business has a 50 day moving average of $5.32 and a two-hundred day moving average of $5.16.

About Templeton Emerging Markets Income Fund

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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.

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Dividend History for Templeton Emerging Markets Income Fund (NYSE:TEI)

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