Virtus Stone Harbor Emerging Markets Income Fund Announces Monthly Dividend of $0.06 (NYSE:EDF)

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) declared a monthly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.06 per share on Friday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.37%. The ex-dividend date of this dividend is Thursday, March 13th.

Virtus Stone Harbor Emerging Markets Income Fund has increased its dividend by an average of 57.7% per year over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of NYSE EDF opened at $5.01 on Friday. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.20 and a 1-year high of $5.75. The business’s 50 day moving average is $5.09 and its two-hundred day moving average is $5.26.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.