Templeton Dragon Fund, Inc. Plans Quarterly Dividend of $0.10 (NYSE:TDF)

Key Points

• Templeton Dragon Fund, Inc. has declared a quarterly dividend of $0.10 per share, with an ex-dividend date set for September 18th and a payment date of September 30th.
• The fund's stock rose by 0.8% to $11.38, with a 52-week range between $7.54 and $11.45.
• Institutional investors hold 47.20% of the fund's shares, with notable new investments from firms like Elequin Capital and XTX Topco Ltd.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) declared a quarterly dividend on Monday, September 8th, Wall Street Journal reports. Stockholders of record on Thursday, September 18th will be paid a dividend of 0.10 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, September 18th.

Templeton Dragon Fund Stock Down 0.3%

NYSE:TDF traded down $0.04 on Friday, reaching $11.51. 48,549 shares of the stock traded hands, compared to its average volume of 70,981. The company's fifty day simple moving average is $10.58 and its 200 day simple moving average is $9.91. Templeton Dragon Fund has a 12 month low of $7.56 and a 12 month high of $11.61.

Institutional Investors Weigh In On Templeton Dragon Fund

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Templeton Dragon Fund during the first quarter valued at approximately $3,726,000. XTX Topco Ltd purchased a new position in shares of Templeton Dragon Fund during the 1st quarter valued at about $100,000. Landscape Capital Management L.L.C. boosted its position in shares of Templeton Dragon Fund by 328.6% in the first quarter. Landscape Capital Management L.L.C. now owns 46,363 shares of the financial services provider's stock worth $450,000 after purchasing an additional 35,546 shares during the period. Compound Planning Inc. bought a new stake in Templeton Dragon Fund during the first quarter valued at about $539,000. Finally, 180 Wealth Advisors LLC raised its position 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 buying an additional 46,509 shares during the last quarter. 47.20% of the stock is currently owned by institutional investors.

About Templeton Dragon Fund

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.