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

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a monthly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.054 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Wednesday, September 23rd.

Templeton Emerging Markets Income Fund Trading Up 1.8%

NYSE:TEI opened at $6.28 on Thursday. Templeton Emerging Markets Income Fund has a one year low of $5.48 and a one year high of $7.00. The firm’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.49.

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.