Templeton Emerging Markets Income Fund (NYSE:TEI) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.2953 per share on Friday, December 29th. This represents a $1.18 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date is Thursday, December 14th. This is a boost from Templeton Emerging Markets Income Fund’s previous quarterly dividend of $0.11.

Templeton Emerging Markets Income Fund has decreased its dividend by an average of 12.6% annually over the last three years.

Templeton Emerging Markets Income Fund (NYSE TEI) traded up $0.03 during mid-day trading on Monday, reaching $11.59. The company’s stock had a trading volume of 136,653 shares, compared to its average volume of 164,167. Templeton Emerging Markets Income Fund has a 52 week low of $10.43 and a 52 week high of $11.75.

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About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

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