Templeton Emerging Markets Fund (NYSE:EMF) to Issue Quarterly Dividend of $0.22

Templeton Emerging Markets Fund (NYSE:EMF) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.22 per share by the financial services provider on Monday, March 31st. This represents a $0.88 annualized dividend and a yield of 6.89%. The ex-dividend date is Monday, March 17th.

Templeton Emerging Markets Fund has decreased its dividend by an average of 22.8% annually over the last three years.

Templeton Emerging Markets Fund Price Performance

Shares of NYSE:EMF traded down $0.33 during trading on Monday, hitting $12.77. 48,020 shares of the stock traded hands, compared to its average volume of 30,061. The company has a fifty day moving average price of $12.45 and a two-hundred day moving average price of $12.74. Templeton Emerging Markets Fund has a 52-week low of $11.14 and a 52-week high of $14.44.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.