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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.06 per share on Tuesday, December 19th. This represents a $0.72 annualized dividend and a yield of 17.22%. The ex-dividend date is Friday, December 8th.

Virtus Stone Harbor Emerging Markets Income Fund has decreased its dividend payment by an average of 30.7% annually over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 2.9 %

EDF stock traded up $0.12 during mid-day trading on Monday, hitting $4.18. 99,965 shares of the company were exchanged, compared to its average volume of 73,499. The business has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $4.32. Virtus Stone Harbor Emerging Markets Income Fund has a 12-month low of $3.51 and a 12-month high of $5.62.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EDF. Susquehanna International Group LLP purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth about $83,000. Advisory Services Network LLC boosted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 12.9% in the first quarter. Advisory Services Network LLC now owns 21,272 shares of the company’s stock valued at $97,000 after purchasing an additional 2,433 shares during the period. UBS Group AG boosted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 13.2% in the third quarter. UBS Group AG now owns 32,225 shares of the company’s stock valued at $142,000 after purchasing an additional 3,751 shares during the period. Bank of America Corp DE boosted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.3% in the first quarter. Bank of America Corp DE now owns 62,977 shares of the company’s stock valued at $411,000 after purchasing an additional 4,827 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 29.1% in the second quarter. LPL Financial LLC now owns 141,430 shares of the company’s stock valued at $622,000 after purchasing an additional 31,874 shares during the period.

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.