Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Announces Monthly Dividend of $0.10

Key Points

• Western Asset Emerging Markets Debt Fund declared a monthly dividend of $0.095 per share, payable November 30 to shareholders of record as of November 20. The annualized yield is approximately 10.8%.
• EMD shares opened at $10.57, near their 50-day and 200-day moving averages of $10.60 and $10.63, respectively; the stock’s 52-week range is $9.60 to $11.30.
• Institutional investors own 33.05% of the fund, with several firms increasing their positions. EMD invests primarily in emerging-market sovereign, quasi-sovereign and corporate debt to generate current income.

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be paid a dividend of 0.095 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Friday, November 20th.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of EMD stock opened at $10.57 on Thursday. The company's fifty day simple moving average is $10.60 and its 200-day simple moving average is $10.63. Western Asset Emerging Markets Debt Fund has a 52 week low of $9.60 and a 52 week high of $11.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMD. Waterfront Wealth Inc. purchased a new stake in Western Asset Emerging Markets Debt Fund in the 1st quarter worth about $106,000. Private Advisor Group LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 43.0% in the 1st quarter. Private Advisor Group LLC now owns 22,910 shares of the company's stock valued at $225,000 after purchasing an additional 6,890 shares during the period. Comprehensive Money Management Services LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 2.3% in the first quarter. Comprehensive Money Management Services LLC now owns 79,335 shares of the company's stock worth $779,000 after purchasing an additional 1,800 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 69,423 shares of the company's stock worth $682,000 after purchasing an additional 3,050 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 177.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 36,760 shares of the company's stock worth $391,000 after purchasing an additional 23,491 shares during the period. Institutional investors own 33.05% of the company's stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc NYSE: EMD is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.

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