Western Asset Emerging Markets Debt Fund Inc. (EMD) To Go Ex-Dividend on November 21st

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.0845 per share on Friday, December 1st. This represents a $1.01 annualized dividend and a yield of 11.67%. The ex-dividend date of this dividend is Tuesday, November 21st.

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

Western Asset Emerging Markets Debt Fund Stock Up 1.4 %

Shares of Western Asset Emerging Markets Debt Fund stock opened at $8.69 on Friday. The company has a fifty day moving average of $8.31 and a 200 day moving average of $8.60. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $7.85 and a fifty-two week high of $9.75.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Money Concepts Capital Corp bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $30,000. Envestnet Asset Management Inc. bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at about $87,000. Nomura Holdings Inc. bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter valued at about $112,000. Jane Street Group LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at about $131,000. Finally, Saba Capital Management L.P. bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter valued at about $134,000. Institutional investors own 33.05% of the company’s stock.

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.