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.
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.
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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.
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