Templeton Emerging Markets Income Fund (TEI) to Issue Quarterly Dividend of $0.26 on April 11th

Templeton Emerging Markets Income Fund (NYSE:TEI) declared a quarterly dividend on Thursday, March 15th, Wall Street Journal reports. Investors of record on Wednesday, March 28th will be paid a dividend of 0.2574 per share on Wednesday, April 11th. This represents a $1.03 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date is Tuesday, March 27th.

Templeton Emerging Markets Income Fund has decreased its dividend by an average of 19.6% per year over the last three years.

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Templeton Emerging Markets Income Fund (NYSE:TEI) opened at $11.63 on Monday. Templeton Emerging Markets Income Fund has a 52 week low of $10.93 and a 52 week high of $11.98. The firm has a market cap of $560.62, a price-to-earnings ratio of 9.69 and a beta of 0.62.

In other news, major shareholder Saba Capital Management, L.P. bought 147,010 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was acquired at an average price of $11.37 per share, with a total value of $1,671,503.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 1,185,728 shares of company stock valued at $13,760,499 in the last three months.

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About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

Dividend History for Templeton Emerging Markets Income Fund (NYSE:TEI)

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