Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Plans Dividend Increase - $0.10 Per Share

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) declared 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 Price Performance

Shares of EMD stock opened at $9.80 on Tuesday. The business has a 50-day simple moving average of $9.45 and a 200-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.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

An institutional investor recently raised its position in Western Asset Emerging Markets Debt Fund stock. NewEdge Advisors LLC increased its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,651 shares of the company's stock after purchasing an additional 1,464 shares during the quarter. NewEdge Advisors LLC owned 0.32% of Western Asset Emerging Markets Debt Fund worth $916,000 at the end of the most recent reporting period. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Company Profile

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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