Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Announces Dividend Increase – $0.10 Per Share

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.095 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Wednesday, September 23rd. This is a 187.9% increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03.

Western Asset Emerging Markets Debt Fund Trading Up 0.2%

EMD stock traded up $0.02 during midday trading on Thursday, reaching $10.58. 73,175 shares of the company’s stock traded hands, compared to its average volume of 215,980. The company has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $10.63. Western Asset Emerging Markets Debt Fund has a 52 week low of $9.60 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.