Western Asset Emerging Mrkts Dbt Fnd Inc (NYSE:EMD) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, July 19th will be paid a dividend of 0.10 per share on Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Thursday, July 18th.
Western Asset Emerging Mrkts Dbt Fnd has raised its dividend payment by an average of 11.7% annually over the last three years.
Western Asset Emerging Mrkts Dbt Fnd stock traded up $0.01 during trading hours on Friday, reaching $13.92. 118,500 shares of the stock were exchanged, compared to its average volume of 173,936. Western Asset Emerging Mrkts Dbt Fnd has a 52-week low of $11.82 and a 52-week high of $14.04.
An institutional investor recently raised its position in Western Asset Emerging Mrkts Dbt Fnd stock. Geode Capital Management LLC increased its stake in Western Asset Emerging Mrkts Dbt Fnd Inc (NYSE:EMD) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,163 shares of the company’s stock after purchasing an additional 67,899 shares during the quarter. Geode Capital Management LLC owned 0.74% of Western Asset Emerging Mrkts Dbt Fnd worth $2,619,000 at the end of the most recent quarter.
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Western Asset Emerging Mrkts Dbt Fnd Company Profile
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.
Further Reading: The limitations of an equal weight rating
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