Morgan Stanley Emerging Markets Domestic (NYSE:EDD) declared a quarterly dividend on Tuesday, March 20th, Wall Street Journal reports. Stockholders of record on Thursday, March 29th will be paid a dividend of 0.15 per share by the investment management company on Friday, April 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date of this dividend is Wednesday, March 28th.
Morgan Stanley Emerging Markets Domestic has decreased its dividend by an average of 26.3% per year over the last three years.
Shares of Morgan Stanley Emerging Markets Domestic (NYSE:EDD) opened at $7.86 on Friday. The stock has a market capitalization of $532.31, a P/E ratio of 17.47 and a beta of 0.90. Morgan Stanley Emerging Markets Domestic has a 1 year low of $7.50 and a 1 year high of $8.37.
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. Its secondary investment objective is of long-term capital appreciation. The Fund invests approximately 80% of its managed assets in emerging markets domestic debt.
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