Templeton Emerging Markets Fund Announces Quarterly Dividend of $0.22 (NYSE:EMF)

Key Points

• Quarterly dividend of $0.22 announced for Templeton Emerging Markets Fund (NYSE:EMF); shareholders of record on March 24 will be paid on March 31, implying an annualized yield of about 4.8%.
• Shares opened at $18.24 and were down ~3.8%, trading within a 1‑year range of $11.14–$21.20 (50‑day/200‑day SMAs: $19.39/$17.64), and institutional investors own roughly 49.86% with several firms recently adding or increasing positions.

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.22 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, March 24th.

Templeton Emerging Markets Fund Stock Down 3.8%

Shares of NYSE EMF opened at $18.24 on Friday. Templeton Emerging Markets Fund has a 1 year low of $11.14 and a 1 year high of $21.20. The stock's 50-day simple moving average is $19.39 and its 200-day simple moving average is $17.64.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Several hedge funds and other institutional investors have recently made changes to their positions in EMF. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Templeton Emerging Markets Fund in the fourth quarter valued at about $51,000. AQR Capital Management LLC purchased a new stake in shares of Templeton Emerging Markets Fund in the 1st quarter valued at approximately $140,000. Royal Bank of Canada grew its holdings in Templeton Emerging Markets Fund by 8.3% during the 4th quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider's stock worth $262,000 after acquiring an additional 1,178 shares in the last quarter. Baltimore Washington Financial Advisors Inc. bought a new stake in Templeton Emerging Markets Fund in the second quarter valued at about $278,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of Templeton Emerging Markets Fund during the 4th quarter worth approximately $306,000. Hedge funds and other institutional investors own 49.86% of the company's stock.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund NYSE: EMF is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.

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