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

Key Points

• Dividend announced: Templeton Dragon Fund will pay a quarterly dividend of $0.10 per share to shareholders of record on March 24, payable March 31, implying an annualized yield of about 3.6% (ex-dividend date March 24).
• Recent trading: TDF opened at $11.15, with a 50-day moving average of $11.63, a 200-day moving average of $11.47, and a 12-month trading range of $8.13 to $12.20.
• Fund focus: Templeton Dragon Fund is a closed-end fund managed by Franklin Templeton that targets long-term capital appreciation through investments in companies domiciled in or deriving significant revenue from Mainland China, Hong Kong and Taiwan.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.10 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 24th.

Templeton Dragon Fund Stock Performance

Shares of TDF opened at $11.15 on Friday. The company has a 50 day moving average of $11.63 and a two-hundred day moving average of $11.47. Templeton Dragon Fund has a twelve month low of $8.13 and a twelve month high of $12.20.

About Templeton Dragon Fund

Templeton Dragon Fund NYSE: TDF is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund's primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.

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