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

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.0475 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Friday, January 23rd.

Templeton Emerging Markets Income Fund Stock Up 0.1%

NYSE:TEI opened at $6.64 on Wednesday. Templeton Emerging Markets Income Fund has a 1 year low of $4.78 and a 1 year high of $6.70. The stock’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $6.26.

Institutional Trading of Templeton Emerging Markets Income Fund

Large investors have recently made changes to their positions in the business. Gridiron Partners LLC raised its position in shares of Templeton Emerging Markets Income Fund by 34,950.3% during the 3rd quarter. Gridiron Partners LLC now owns 12,817,897 shares of the company’s stock valued at $79,471,000 after buying an additional 12,781,327 shares in the last quarter. Invesco Ltd. increased its stake in Templeton Emerging Markets Income Fund by 1.8% during the second quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock worth $5,275,000 after acquiring an additional 15,727 shares during the last quarter. Pekin Hardy Strauss Inc. raised its position in Templeton Emerging Markets Income Fund by 58.0% during the third quarter. Pekin Hardy Strauss Inc. now owns 397,060 shares of the company’s stock valued at $2,462,000 after purchasing an additional 145,800 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of Templeton Emerging Markets Income Fund by 3.1% in the 2nd quarter. Waterfront Wealth Inc. now owns 281,818 shares of the company’s stock valued at $1,691,000 after purchasing an additional 8,601 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund by 5.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 252,072 shares of the company’s stock worth $1,563,000 after purchasing an additional 14,041 shares during the period.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.