Western Asset Emerging Markets Debt Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be paid a dividend of 0.095 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, November 20th.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD opened at $10.57 on Thursday. Western Asset Emerging Markets Debt Fund has a 1-year low of $9.60 and a 1-year high of $11.30. The business’s 50 day moving average is $10.60 and its 200-day moving average is $10.63.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in EMD. Waterfront Wealth Inc. acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter valued at about $106,000. Equitable Holdings Inc. acquired a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $118,000. Evolve Private Wealth LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at approximately $124,000. HRT Financial LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $127,000. Finally, Arkadios Wealth Advisors lifted its position in shares of Western Asset Emerging Markets Debt Fund by 23.3% during the 1st quarter. Arkadios Wealth Advisors now owns 14,157 shares of the company’s stock worth $139,000 after buying an additional 2,673 shares during the period. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

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.