Templeton Emerging Markets Income Fund (NYSE:TEI) Increases Dividend to $0.05 Per Share

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, May 20th. Shareholders of record on Friday, July 24th will be given a dividend of 0.054 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Friday, July 24th. This is a 13.7% increase from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05.

Templeton Emerging Markets Income Fund Stock Performance

TEI opened at $6.28 on Thursday. The business has a 50-day moving average of $6.33 and a two-hundred day moving average of $6.49. Templeton Emerging Markets Income Fund has a 12 month low of $5.48 and a 12 month high of $7.00.

Institutional Trading of Templeton Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEI. Janney Montgomery Scott LLC grew its holdings in Templeton Emerging Markets Income Fund by 457.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock valued at $1,371,000 after buying an additional 187,133 shares during the period. US Bancorp DE grew its holdings in Templeton Emerging Markets Income Fund by 1,375.6% in the 3rd quarter. US Bancorp DE now owns 176,492 shares of the company’s stock valued at $1,094,000 after buying an additional 164,531 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in Templeton Emerging Markets Income Fund by 58.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 397,060 shares of the company’s stock valued at $2,462,000 after buying an additional 145,800 shares during the period. Compound Planning Inc. purchased a new stake in Templeton Emerging Markets Income Fund in the 4th quarter valued at about $662,000. Finally, Raymond James Financial Inc. grew its holdings in Templeton Emerging Markets Income Fund by 74.1% in the 3rd quarter. Raymond James Financial Inc. now owns 212,437 shares of the company’s stock valued at $1,317,000 after buying an additional 90,430 shares during the period.

About Templeton Emerging Markets Income Fund

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.