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

Key Points

• Western Asset Emerging Markets Debt Fund Inc. has declared a dividend of $0.10 per share, reflecting an 8.6% increase from the previous dividend of $0.09.
• The dividend will be paid on December 1st to shareholders of record on November 20th, with an ex-dividend date set for the same day.
• The fund's shares traded up 0.6% recently, reaching a price of $10.24, within a 52-week range of $8.56 to $10.33.

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) declared a -- dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Thursday, November 20th will be given a dividend of 0.095 per share on Monday, December 1st. This represents a yield of 1,120.0%. The ex-dividend date of this dividend is Thursday, November 20th. This is a 8.6% increase from Western Asset Emerging Markets Debt Fund's previous -- dividend of $0.09.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD traded up $0.01 during midday trading on Monday, reaching $10.29. 11,987 shares of the company were exchanged, compared to its average volume of 194,015. The business's fifty day moving average is $10.01 and its two-hundred day moving average is $9.75. Western Asset Emerging Markets Debt Fund has a one year low of $8.56 and a one year high of $10.33.

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.