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

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, April 13th. Investors of record on Thursday, April 23rd will be given a dividend of 0.0475 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Thursday, April 23rd.

Templeton Emerging Markets Income Fund Price Performance

TEI stock opened at $6.50 on Tuesday. Templeton Emerging Markets Income Fund has a 12 month low of $4.96 and a 12 month high of $7.00. The firm has a 50 day simple moving average of $6.51 and a 200 day simple moving average of $6.46.

Templeton Emerging Markets Income Fund Company Profile

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.