Templeton Emerging Markets Fund (NYSE:EMF) Raises Dividend to $0.24 Per Share

Templeton Emerging Markets Fund (NYSE:EMF) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.24 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 9.1% increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22.

Templeton Emerging Markets Fund Price Performance

Shares of NYSE EMF opened at $21.91 on Thursday. The firm has a fifty day moving average of $19.57 and a 200 day moving average of $18.72. Templeton Emerging Markets Fund has a one year low of $13.31 and a one year high of $22.75.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.