Templeton Emerging Markets Income Fund (TEI) Announces Quarterly Dividend of $0.11

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a quarterly dividend on Monday, September 18th, Wall Street Journal reports. Shareholders of record on Thursday, September 28th will be paid a dividend of 0.1119 per share on Friday, October 13th. This represents a $0.45 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Wednesday, September 27th. This is a positive change from Templeton Emerging Markets Income Fund’s previous quarterly dividend of $0.11.

Templeton Emerging Markets Income Fund has decreased its dividend by an average of 12.6% annually over the last three years.

Shares of Templeton Emerging Markets Income Fund (TEI) traded up 0.09% during mid-day trading on Monday, reaching $11.57. 136,840 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $11.38 and its 200-day moving average is $11.37. Templeton Emerging Markets Income Fund has a 52-week low of $9.95 and a 52-week high of $11.75.

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Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

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