Templeton Emerging Markets Income Fund (NYSE:TEI) Announces Monthly Dividend of $0.05

Templeton Emerging Markets Income Fund (NYSE:TEI) announced a monthly dividend on Monday, October 7th, NASDAQ reports. Stockholders of record on Thursday, October 17th will be given a dividend of 0.0475 per share on Thursday, October 31st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend is Thursday, October 17th.

Templeton Emerging Markets Income Fund Price Performance

Shares of TEI stock opened at $5.80 on Wednesday. The business has a 50 day simple moving average of $5.70 and a 200 day simple moving average of $5.50. Templeton Emerging Markets Income Fund has a 12-month low of $4.35 and a 12-month high of $5.94.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.