Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) to Issue Monthly Dividend of $0.03

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.033 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Emerging Markets Debt Fund Stock Down 0.6%

Shares of Western Asset Emerging Markets Debt Fund stock traded down $0.06 on Thursday, reaching $10.69. The company’s stock had a trading volume of 127,283 shares, compared to its average volume of 238,516. The firm’s fifty day simple moving average is $10.44 and its two-hundred day simple moving average is $10.65. Western Asset Emerging Markets Debt Fund has a 52 week low of $9.41 and a 52 week high of $11.30.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.