Templeton Emerging Markets Income Fund (TEI) to Issue Monthly Dividend of $0.05 on May 31st

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.0475 per share on Friday, May 31st. This represents a $0.57 annualized dividend and a dividend yield of 10.46%. The ex-dividend date of this dividend is Thursday, May 16th.

Templeton Emerging Markets Income Fund has raised its dividend payment by an average of 14.8% per year over the last three years and has raised its dividend every year for the last 1 years.

Templeton Emerging Markets Income Fund Price Performance

NYSE:TEI traded up $0.07 during mid-day trading on Thursday, hitting $5.45. 32,342 shares of the company’s stock traded hands, compared to its average volume of 132,665. The firm has a 50 day moving average of $5.31 and a two-hundred day moving average of $5.12. Templeton Emerging Markets Income Fund has a 12 month low of $4.35 and a 12 month high of $5.53.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.