Templeton Emerging Markets Fund (NYSE:EMF) Declares Dividend Increase – $0.24 Per Share

Templeton Emerging Markets Fund (NYSE:EMF) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.24 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 23rd. This is a 9.1% increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22.

Templeton Emerging Markets Fund Stock Up 0.8%

Templeton Emerging Markets Fund stock opened at $21.91 on Thursday. The company has a fifty day simple moving average of $19.57 and a 200-day simple moving average of $18.72. Templeton Emerging Markets Fund has a 52-week low of $13.31 and a 52-week high of $22.75.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.