Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) to Issue $0.08 Monthly Dividend

Posted by Joseph Griffin on Sep 19th, 2023

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) declared a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.0845 per share on Monday, October 2nd. This represents a $1.01 annualized dividend and a dividend yield of 11.51%. The ex-dividend date is Thursday, September 21st.

Western Asset Emerging Markets Debt Fund has decreased its dividend payment by an average of 5.6% annually over the last three years.

Western Asset Emerging Markets Debt Fund Trading Up 0.8 %

Shares of NYSE:EMD opened at $8.81 on Tuesday. The firm has a fifty day moving average price of $8.89 and a 200 day moving average price of $8.74. Western Asset Emerging Markets Debt Fund has a 1-year low of $7.40 and a 1-year high of $9.75.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

A number of large investors have recently bought and sold shares of EMD. Money Concepts Capital Corp purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $30,000. Envestnet Asset Management Inc. purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter worth $87,000. Nomura Holdings Inc. acquired a new position in Western Asset Emerging Markets Debt Fund during the first quarter valued at approximately $112,000. Jane Street Group LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the 3rd quarter worth approximately $131,000. Finally, Saba Capital Management L.P. acquired a new position in Western Asset Emerging Markets Debt Fund in the 1st quarter worth $134,000. Hedge funds and other institutional investors own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

(Get Free Report)

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.