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 11.96%. The ex-dividend date of this dividend is Friday, August 22nd.
Western Asset Emerging Markets Debt Fund Price Performance
NYSE EMD traded down $0.07 during midday trading on Thursday, hitting $9.53. The company had a trading volume of 164,165 shares, compared to its average volume of 197,174. The firm has a 50-day moving average price of $9.42 and a 200-day moving average price of $9.69. Western Asset Emerging Markets Debt Fund has a twelve month low of $8.56 and a twelve month 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 boosted its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,651 shares of the company's stock after purchasing an additional 1,464 shares during the period. NewEdge Advisors LLC owned 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 at the end of the most recent quarter. 33.05% of the stock is currently owned by institutional investors and hedge funds.
About Western Asset Emerging Markets Debt Fund
(
Get Free Report)
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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