Western Asset Emerging Markets Debt Fund Inc. (EMD) to Issue Monthly Dividend of $0.07 on September 1st

Posted by Defense World Staff on Aug 21st, 2023

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) announced a monthly dividend on Wednesday, May 17th, Wall Street Journal reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.07 per share on Friday, September 1st. This represents a $0.84 annualized dividend and a dividend yield of 9.45%. The ex-dividend date is Wednesday, August 23rd.

Western Asset Emerging Markets Debt Fund has decreased its dividend payment by an average of 6.2% per year over the last three years.

Western Asset Emerging Markets Debt Fund Stock Up 0.2 %

EMD stock opened at $8.89 on Monday. The firm’s 50 day moving average price is $8.82 and its 200-day moving average price is $8.81. Western Asset Emerging Markets Debt Fund has a one year low of $7.40 and a one year high of $9.75.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Several institutional investors have recently made changes to their positions in EMD. Morgan Stanley raised its position in Western Asset Emerging Markets Debt Fund by 6.0% in the fourth quarter. Morgan Stanley now owns 10,992,922 shares of the company’s stock valued at $100,146,000 after purchasing an additional 617,742 shares during the period. Invesco Ltd. raised its position in Western Asset Emerging Markets Debt Fund by 3.3% in the first quarter. Invesco Ltd. now owns 1,137,630 shares of the company’s stock valued at $12,207,000 after purchasing an additional 35,820 shares during the period. Penserra Capital Management LLC raised its position in Western Asset Emerging Markets Debt Fund by 15.4% in the first quarter. Penserra Capital Management LLC now owns 919,896 shares of the company’s stock valued at $9,870,000 after purchasing an additional 122,542 shares during the period. UBS Group AG raised its position in Western Asset Emerging Markets Debt Fund by 12.7% in the first quarter. UBS Group AG now owns 825,502 shares of the company’s stock valued at $8,858,000 after purchasing an additional 92,757 shares during the period. Finally, Bank of America Corp DE raised its position in Western Asset Emerging Markets Debt Fund by 11.5% in the first quarter. Bank of America Corp DE now owns 436,035 shares of the company’s stock valued at $4,679,000 after purchasing an additional 45,029 shares during the period. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Company Profile

(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.