Templeton Global Income Fund (NYSE:GIM) Plans $0.04 Monthly Dividend

Templeton Global Income Fund (NYSE:GIM – Get Rating) declared a monthly dividend on Friday, May 6th, Zacks reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.035 per share by the financial services provider on Tuesday, May 31st. This represents a $0.42 annualized dividend and a yield of 9.27%. The ex-dividend date of this dividend is Friday, May 13th.

Templeton Global Income Fund has raised its dividend payment by an average of 2.2% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

GIM traded down $0.02 during midday trading on Wednesday, hitting $4.53. 3,658 shares of the company traded hands, compared to its average volume of 235,826. Templeton Global Income Fund has a 52-week low of $4.52 and a 52-week high of $5.69. The business has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $5.09.

Hedge funds and other institutional investors have recently modified their holdings of the company. MML Investors Services LLC acquired a new stake in shares of Templeton Global Income Fund in the fourth quarter valued at about $99,000. NewEdge Advisors LLC acquired a new stake in shares of Templeton Global Income Fund in the fourth quarter valued at about $124,000. Cetera Investment Advisers raised its position in shares of Templeton Global Income Fund by 15.9% in the fourth quarter. Cetera Investment Advisers now owns 24,336 shares of the financial services provider’s stock valued at $126,000 after buying an additional 3,336 shares during the last quarter. Virtu Financial LLC acquired a new stake in Templeton Global Income Fund during the fourth quarter worth about $136,000. Finally, Susquehanna International Group LLP increased its position in Templeton Global Income Fund by 225.7% during the fourth quarter. Susquehanna International Group LLP now owns 40,627 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 28,152 shares during the last quarter. Institutional investors and hedge funds own 54.99% of the company’s stock.

Templeton Global Income Fund Company Profile (Get Rating)

Templeton Global Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

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