Western Asset Emerging Markets Debt Fund Inc. to Issue Monthly Dividend of $0.10 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be given a dividend of 0.095 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Emerging Markets Debt Fund Stock Performance

EMD stock traded down $0.09 on Thursday, hitting $10.38. 209,190 shares of the company were exchanged, compared to its average volume of 194,894. Western Asset Emerging Markets Debt Fund has a twelve month low of $8.56 and a twelve month high of $10.68. The business’s fifty day moving average is $10.41 and its two-hundred day moving average is $10.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMD. Advisors Asset Management Inc. raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 28.2% in the 1st quarter. Advisors Asset Management Inc. now owns 644,690 shares of the company’s stock worth $6,376,000 after purchasing an additional 141,776 shares during the period. Raymond James Financial Inc. increased its position in Western Asset Emerging Markets Debt Fund by 38.1% during the 3rd quarter. Raymond James Financial Inc. now owns 491,657 shares of the company’s stock worth $5,074,000 after purchasing an additional 135,673 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Western Asset Emerging Markets Debt Fund by 20.4% in the third quarter. Penserra Capital Management LLC now owns 623,598 shares of the company’s stock valued at $6,435,000 after buying an additional 105,855 shares during the period. Osaic Holdings Inc. lifted its position in Western Asset Emerging Markets Debt Fund by 103.5% during the second quarter. Osaic Holdings Inc. now owns 159,904 shares of the company’s stock valued at $1,607,000 after buying an additional 81,318 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake in Western Asset Emerging Markets Debt Fund by 301.5% during the first quarter. Landscape Capital Management L.L.C. now owns 72,628 shares of the company’s stock worth $718,000 after buying an additional 54,541 shares during the period. Institutional investors and hedge funds own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.