Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) announced a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be given a dividend of 0.095 per share on Tuesday, September 2nd. This represents a $1.14 annualized dividend and a yield of 11.89%. The ex-dividend date is Friday, August 22nd.
Western Asset Emerging Markets Debt Fund Stock Performance
Shares of NYSE:EMD traded up $0.09 during trading on Friday, reaching $9.59. 157,327 shares of the company traded hands, compared to its average volume of 197,330. The company's 50 day moving average is $9.41 and its two-hundred day moving average is $9.69. Western Asset Emerging Markets Debt Fund has a 52 week low of $8.56 and a 52 week high of $10.33.
Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund
A hedge fund recently raised its stake in Western Asset Emerging Markets Debt Fund stock. NewEdge Advisors LLC lifted its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,651 shares of the company's stock after buying an additional 1,464 shares during the period. NewEdge Advisors LLC owned about 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 as of its most recent filing with the SEC. 33.05% of the stock is currently owned by institutional investors and hedge funds.
About Western Asset Emerging Markets Debt Fund
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Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.
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