Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Announces Monthly Dividend of $0.08

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be paid a dividend of 0.0845 per share on Thursday, February 1st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 12.09%. The ex-dividend date is Tuesday, January 23rd.

Western Asset Emerging Markets Debt Fund has decreased its dividend payment by an average of 5.6% per year over the last three years.

Western Asset Emerging Markets Debt Fund Stock Down 0.1 %

EMD opened at $8.39 on Thursday. Western Asset Emerging Markets Debt Fund has a 52 week low of $7.85 and a 52 week high of $9.75. The business’s 50 day moving average is $8.32 and its two-hundred day moving average is $8.60.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in Western Asset Emerging Markets Debt Fund by 5.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 314,087 shares of the company’s stock worth $2,607,000 after purchasing an additional 17,025 shares during the period. Stifel Financial Corp boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 4.0% during the third quarter. Stifel Financial Corp now owns 47,563 shares of the company’s stock worth $395,000 after buying an additional 1,833 shares during the period. Mariner LLC grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 15.3% during the third quarter. Mariner LLC now owns 50,680 shares of the company’s stock worth $421,000 after buying an additional 6,716 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.9% during the second quarter. Osaic Holdings Inc. now owns 387,459 shares of the company’s stock worth $3,340,000 after buying an additional 18,104 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Western Asset Emerging Markets Debt Fund by 2.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 133,138 shares of the company’s stock valued at $1,148,000 after acquiring an additional 2,563 shares during the period. 33.05% of the stock is owned by institutional investors and hedge funds.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.