Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.095 per share on Tuesday, July 1st. This represents a dividend yield of 11.66%. The ex-dividend date of this dividend is Monday, June 23rd. This is a 5.6% increase from Western Asset Emerging Markets Debt Fund's previous dividend of $0.09.
Western Asset Emerging Markets Debt Fund Stock Up 1.3%
Western Asset Emerging Markets Debt Fund stock traded up $0.13 during midday trading on Friday, hitting $9.92. 213,559 shares of the stock were exchanged, compared to its average volume of 198,828. The company has a fifty day simple moving average of $9.50 and a two-hundred day simple moving average of $9.68. Western Asset Emerging Markets Debt Fund has a 52 week low of $8.56 and a 52 week high of $10.33.
Institutional Investors 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 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 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 SEC filing. Institutional investors and hedge funds own 33.05% of the company's stock.
Western Asset Emerging Markets Debt Fund Company Profile
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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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