Templeton Emerging Markets Income Fund (TEI) to Distribute Monthly Dividend of $0.05 on August 31st

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Wednesday, May 20th. Investors of record on Monday, August 24th will be paid a dividend of 0.054 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Monday, August 24th.

Templeton Emerging Markets Income Fund Stock Performance

Templeton Emerging Markets Income Fund stock opened at $6.82 on Friday. The stock’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $6.55. Templeton Emerging Markets Income Fund has a one year low of $5.75 and a one year high of $7.00.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.