Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Set to Pay Monthly Dividend of $0.06

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Tuesday, October 13th. Investors of record on Friday, November 20th will be paid a dividend of $0.0615 per share on Monday, November 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Friday, November 20th.

Templeton Emerging Markets Income Fund Price Performance

Shares of NYSE:TEI opened at $6.17 on Thursday. Templeton Emerging Markets Income Fund has a 52-week low of $5.75 and a 52-week high of $7.00. The business’s 50 day moving average is $6.53 and its 200 day moving average is $6.50.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.