Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, June 21st will be paid a dividend of 0.0845 per share on Monday, July 1st. This represents a $1.01 annualized dividend and a dividend yield of 10.83%. The ex-dividend date is Friday, June 21st.
Western Asset Emerging Markets Debt Fund has raised its dividend payment by an average of 14.4% annually over the last three years.
Western Asset Emerging Markets Debt Fund Stock Down 1.4 %
Shares of NYSE EMD opened at $9.36 on Friday. The stock has a fifty day moving average price of $9.28 and a 200 day moving average price of $9.12. Western Asset Emerging Markets Debt Fund has a 1-year low of $7.85 and a 1-year high of $9.67.
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.
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