Templeton Global Income Fund (GIM) Plans Dividend Increase – $0.08 Per Share
Templeton Global Income Fund (NYSE:GIM) declared a monthly dividend on Friday, December 1st, NASDAQ reports. Investors of record on Friday, December 15th will be paid a dividend of 0.076 per share by the financial services provider on Friday, December 29th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 13.92%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Templeton Global Income Fund’s previous monthly dividend of $0.03.
Templeton Global Income Fund has decreased its dividend by an average of 13.4% per year over the last three years.
Shares of Templeton Global Income Fund (NYSE GIM) traded down $0.01 during midday trading on Friday, hitting $6.55. The company had a trading volume of 351,082 shares, compared to its average volume of 271,604. Templeton Global Income Fund has a twelve month low of $6.30 and a twelve month high of $6.77.
Templeton Global Income Fund Company Profile
Templeton Global Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund aims to maximize current income while maintaining prospects for capital appreciation by investing in a diversified portfolio of debt and equity securities worldwide. It seeks income by investing in a portfolio of fixed and floating rate debt securities and debt obligations issued by government and government-related issuers or corporate entities, including in emerging markets, as well as stocks the portfolio manager believes offer attractive dividend yields.
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