Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on November 29th

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.0475 per share on Friday, November 29th. This represents a $0.57 annualized dividend and a dividend yield of 10.67%. The ex-dividend date is Monday, November 18th.

Templeton Emerging Markets Income Fund Price Performance

NYSE TEI opened at $5.34 on Friday. The business’s 50 day moving average price is $5.67 and its 200-day moving average price is $5.54. Templeton Emerging Markets Income Fund has a fifty-two week low of $4.78 and a fifty-two week 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.