Templeton Emerging Markets Income Fund announced on September 8, 2023, that its board of directors has declared a regular monthly dividend of $0.05 per share ($0.57 annualized). This is the same dividend amount as the previous payout.
Shareholders who are recorded as of September 18, 2023, will receive the dividend payment on September 29, 2023.
Based on the current share price of $4.95 per share, the dividend yield for the stock is 11.47%.
The average dividend yield over the past five years, with weekly sampling, has been 9.38%. The lowest dividend yield during this period was 6.92%, while the highest was 16.19%. The standard deviation of the dividend yields is 2.10 (based on a sample size of 195).
The current dividend yield is 1.00 standard deviations above the historical average.
The company’s 3-Year dividend growth rate is -0.08%.
Fund Sentiment:
There are 77 funds or institutions reporting positions in Templeton Emerging Markets Income Fund, which is a decrease of 8 owners or 9.41% from the previous quarter. The average portfolio weight of all funds dedicated to TEI is 0.06%, representing an increase of 30.77%. Total shares owned by institutions have increased by 1.05% over the past three months to 13,381K shares.
Other Shareholders:
Evergreen Capital Management holds 3,218K shares, representing an increase of 5.89% compared to the previous filing. The firm has increased its portfolio allocation in TEI by 1.31% over the last quarter.
Invesco holds 911K shares, representing an increase of 1.59% compared to the previous filing. The firm has increased its portfolio allocation in TEI by 947.95% over the last quarter.
Wells Fargo holds 678K shares, representing a decrease of 0.12% compared to the previous filing. The firm has increased its portfolio allocation in TEI by 190.04% over the last quarter.
Resources Investment Advisors, LLC. holds 577K shares, representing a decrease of 4.83% compared to the previous filing. The firm has decreased its portfolio allocation in TEI by 8.48% over the last quarter.
PCEF – Invesco CEF Income Composite ETF holds 563K shares, representing a decrease of 22.49% compared to the previous filing. The firm has decreased its portfolio allocation in TEI by 15.71% over the last quarter.
Templeton Emerging Markets Income Fund Background Information
(This description is provided by the company.)
Templeton Emerging Markets Income Fund is a closed-end fund that seeks high, current income, with a secondary goal of capital appreciation. It invests 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, under normal market conditions.
Additional reading:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
