Public Employees Retirement System of Ohio Sells 88,920 Shares of Templeton Dragon Fund, Inc. $TDF

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Templeton Dragon Fund, Inc. by 5.5%, selling 88,920 shares in the second quarter, and now owns 6.01% of the company, valued at $15.2 million.
• Templeton Dragon Fund recently declared a quarterly dividend of $0.10 per share, which translates to an annualized yield of 3.5%, with the payment date set for September 30th.
• As of the latest report, shares of Templeton Dragon Fund (NYSE:TDF) traded at $11.43, with a 1-year range between a low of $8.07 and a high of $11.95.

Public Employees Retirement System of Ohio decreased its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 5.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,523,013 shares of the financial services provider's stock after selling 88,920 shares during the period. Public Employees Retirement System of Ohio owned 6.01% of Templeton Dragon Fund worth $15,215,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TDF. 180 Wealth Advisors LLC boosted its stake in shares of Templeton Dragon Fund by 26.6% during the first quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock valued at $2,144,000 after purchasing an additional 46,509 shares in the last quarter. Uncommon Cents Investing LLC boosted its position in Templeton Dragon Fund by 3.9% during the 1st quarter. Uncommon Cents Investing LLC now owns 507,410 shares of the financial services provider's stock valued at $4,922,000 after acquiring an additional 19,170 shares in the last quarter. Matisse Capital boosted its position in Templeton Dragon Fund by 4.0% during the 1st quarter. Matisse Capital now owns 342,000 shares of the financial services provider's stock valued at $3,317,000 after acquiring an additional 13,000 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of Templeton Dragon Fund by 55.1% in the 1st quarter. Calamos Advisors LLC now owns 25,356 shares of the financial services provider's stock valued at $246,000 after acquiring an additional 9,007 shares during the period. Finally, Dakota Wealth Management raised its position in shares of Templeton Dragon Fund by 7.0% in the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock worth $174,000 after acquiring an additional 1,173 shares in the last quarter. Hedge funds and other institutional investors own 47.20% of the company's stock.

Templeton Dragon Fund Stock Performance

Shares of NYSE TDF opened at $11.43 on Friday. Templeton Dragon Fund, Inc. has a 1-year low of $8.07 and a 1-year high of $11.95. The business has a fifty day moving average price of $10.90 and a 200 day moving average price of $10.06.

Templeton Dragon Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, September 18th.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.

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