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

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be paid a dividend of 0.095 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, October 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 0.1%

Shares of EMD stock 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 stock has a 50 day simple moving average of $10.60 and a 200 day simple moving average of $10.63.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock worth $916,000 after purchasing an additional 1,464 shares during the period. Cetera Investment Advisers lifted its position in Western Asset Emerging Markets Debt Fund by 5.5% during the second quarter. Cetera Investment Advisers now owns 69,373 shares of the company’s stock worth $697,000 after purchasing an additional 3,595 shares during the period. Raymond James Financial Inc. lifted its position in Western Asset Emerging Markets Debt Fund by 1.2% during the second quarter. Raymond James Financial Inc. now owns 355,984 shares of the company’s stock worth $3,578,000 after purchasing an additional 4,273 shares during the period. Ameriprise Financial Inc. grew its stake in Western Asset Emerging Markets Debt Fund by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 359,324 shares of the company’s stock worth $3,612,000 after buying an additional 18,873 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Western Asset Emerging Markets Debt Fund by 6.1% during the second quarter. Bank of America Corp DE now owns 433,984 shares of the company’s stock worth $4,362,000 after buying an additional 24,936 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors.

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.