Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Up 0.1% – Here’s Why

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) traded up 0.1% during trading on Monday . The stock traded as high as $6.60 and last traded at $6.5740. 111,019 shares were traded during trading, a decline of 43% from the average session volume of 195,990 shares. The stock had previously closed at $6.57.

Templeton Emerging Markets Income Fund Trading Down 1.4%

The stock’s fifty day moving average is $6.55 and its two-hundred day moving average is $6.53.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 9.9%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Evergreen Capital Management LLC lifted its holdings in shares of Templeton Emerging Markets Income Fund by 0.9% during the fourth quarter. Evergreen Capital Management LLC now owns 3,079,241 shares of the company’s stock valued at $19,861,000 after purchasing an additional 26,106 shares during the last quarter. Invesco Ltd. increased its stake in Templeton Emerging Markets Income Fund by 1.8% in the 2nd quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock worth $5,275,000 after purchasing an additional 15,727 shares in the last quarter. LPL Financial LLC raised its holdings in Templeton Emerging Markets Income Fund by 8.5% during the 4th quarter. LPL Financial LLC now owns 557,610 shares of the company’s stock worth $3,597,000 after buying an additional 43,562 shares during the period. Rareview Capital LLC raised its holdings in Templeton Emerging Markets Income Fund by 9.6% during the 1st quarter. Rareview Capital LLC now owns 551,585 shares of the company’s stock worth $3,310,000 after buying an additional 48,514 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its stake in Templeton Emerging Markets Income Fund by 4.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 412,810 shares of the company’s stock valued at $2,663,000 after buying an additional 15,750 shares in the last quarter.

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.