Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Plans Monthly Dividend of $0.06

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) announced a monthly dividend on Wednesday, September 4th, Wall Street Journal reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.06 per share on Wednesday, November 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date is Tuesday, November 12th.

Virtus Stone Harbor Emerging Markets Income Fund has increased its dividend by an average of 57.7% annually over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of NYSE:EDF traded down $0.01 on Thursday, reaching $5.28. 5,204 shares of the company traded hands, compared to its average volume of 119,789. The company’s 50 day moving average is $5.25 and its 200-day moving average is $5.27. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $3.51 and a fifty-two week high of $5.75.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.