Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Raises Dividend to $0.27 Per Share

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.265 per share on Wednesday, January 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 13.27%. The ex-dividend date is Friday, December 13th. This is a positive change from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.22.

Morgan Stanley Emerging Markets Debt Fund has increased its dividend by an average of 23.3% annually over the last three years.

Morgan Stanley Emerging Markets Debt Fund Price Performance

Morgan Stanley Emerging Markets Debt Fund stock opened at $7.99 on Wednesday. The firm has a fifty day simple moving average of $7.76 and a two-hundred day simple moving average of $7.64. Morgan Stanley Emerging Markets Debt Fund has a twelve month low of $6.65 and a twelve month high of $8.21.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.