Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.77 and traded as high as $11.07. Templeton Dragon Fund shares last traded at $10.8550, with a volume of 49,308 shares.
Templeton Dragon Fund Trading Down 0.4%
The stock has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $11.09.
Templeton Dragon Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.15 per share. This is an increase from Templeton Dragon Fund's previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 23rd.
Institutional Trading of Templeton Dragon Fund
A number of hedge funds have recently added to or reduced their stakes in TDF. Allspring Global Investments Holdings LLC grew its holdings in Templeton Dragon Fund by 14.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider's stock worth $20,609,000 after acquiring an additional 238,581 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Templeton Dragon Fund by 4.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,533,862 shares of the financial services provider's stock worth $17,271,000 after purchasing an additional 72,188 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Templeton Dragon Fund in the 4th quarter worth approximately $694,000. 1607 Capital Partners LLC lifted its position in shares of Templeton Dragon Fund by 50.9% in the 4th quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider's stock worth $1,840,000 after purchasing an additional 55,093 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Templeton Dragon Fund by 1.5% during the fourth quarter. Lazard Asset Management LLC now owns 2,835,608 shares of the financial services provider's stock valued at $31,929,000 after purchasing an additional 41,989 shares in the last quarter. 47.20% of the stock is owned by hedge funds and other institutional investors.
Templeton Dragon Fund Company Profile
(
Get Free Report)
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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