Templeton Emerging Markets Income Fund (NYSE:TEI) Declares $0.05 Monthly Dividend

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0475 per share on Monday, March 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date is Monday, March 17th.

Templeton Emerging Markets Income Fund Stock Up 0.1 %

NYSE:TEI opened at $5.50 on Friday. The firm’s fifty day moving average is $5.36 and its 200-day moving average is $5.47. Templeton Emerging Markets Income Fund has a 52 week low of $5.04 and a 52 week high of $5.94.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.