Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Plans $0.08 Monthly Dividend

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDGet Rating) declared a monthly dividend on Thursday, May 19th, Wall Street Journal reports. Stockholders of record on Wednesday, August 24th will be paid a dividend of 0.08 per share on Thursday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 9.93%. The ex-dividend date of this dividend is Tuesday, August 23rd.

Western Asset Emerging Markets Debt Fund has decreased its dividend by an average of 3.5% annually over the last three years.

Shares of EMD stock traded down $0.03 on Thursday, hitting $9.67. The stock had a trading volume of 307,137 shares, compared to its average volume of 390,025. Western Asset Emerging Markets Debt Fund has a twelve month low of $9.28 and a twelve month high of $14.30. The company has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $11.55.

Several hedge funds have recently made changes to their positions in EMD. Morgan Stanley grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 3.3% in the 2nd quarter. Morgan Stanley now owns 3,245,849 shares of the company’s stock valued at $45,474,000 after buying an additional 104,015 shares during the period. Bank of New York Mellon Corp boosted its stake in Western Asset Emerging Markets Debt Fund by 7.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,301 shares of the company’s stock worth $167,000 after purchasing an additional 814 shares during the period. LPL Financial LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 7.6% in the 4th quarter. LPL Financial LLC now owns 298,449 shares of the company’s stock worth $3,820,000 after purchasing an additional 20,984 shares during the period. NEXT Financial Group Inc boosted its stake in Western Asset Emerging Markets Debt Fund by 90.2% in the 4th quarter. NEXT Financial Group Inc now owns 42,664 shares of the company’s stock worth $546,000 after purchasing an additional 20,227 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Western Asset Emerging Markets Debt Fund by 2.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 49,736 shares of the company’s stock worth $637,000 after purchasing an additional 980 shares during the period.

About Western Asset Emerging Markets Debt Fund (Get Rating)

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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Dividend History for Western Asset Emerging Markets Debt Fund (NYSE:EMD)

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