Templeton Dragon Fund, Inc. (TDF) To Go Ex-Dividend on September 23rd

Templeton Dragon Fund, Inc. (NYSE:TDF) declared a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, September 23rd.

Templeton Dragon Fund Stock Up 0.5%

Templeton Dragon Fund stock opened at $10.18 on Monday. Templeton Dragon Fund has a 1-year low of $9.95 and a 1-year high of $12.20. The company has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $10.90.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,000 shares in the last quarter. Quantedge Capital Pte Ltd lifted its stake in Templeton Dragon Fund by 10.3% in the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 3,900 shares during the last quarter. Compound Planning Inc. grew its position in shares of Templeton Dragon Fund by 11.9% in the 1st quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 7,198 shares during the period. 180 Wealth Advisors LLC grew its position in shares of Templeton Dragon Fund by 5.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock valued at $3,317,000 after acquiring an additional 15,084 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Templeton Dragon Fund during the 2nd quarter worth about $184,000. 47.20% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.