Western Asset Emerging Markets Debt Fund Inc. (EMD) to Issue Monthly Dividend of $0.08 on October 2nd

Posted by admin on Sep 19th, 2023

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) declared a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.0845 per share on Monday, October 2nd. This represents a $1.01 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend is Thursday, September 21st.

Western Asset Emerging Markets Debt Fund has decreased its dividend by an average of 5.6% annually over the last three years.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD stock traded down $0.04 during trading on Tuesday, hitting $8.77. The company’s stock had a trading volume of 25,872 shares, compared to its average volume of 174,030. The business has a fifty day moving average of $8.89 and a 200-day moving average of $8.74. Western Asset Emerging Markets Debt Fund has a 52 week low of $7.40 and a 52 week high of $9.75.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently made changes to their positions in the business. Money Concepts Capital Corp bought a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $30,000. Envestnet Asset Management Inc. bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at approximately $87,000. Saba Capital Management L.P. purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter worth approximately $134,000. Nomura Holdings Inc. bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter worth approximately $112,000. Finally, Jane Street Group LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter worth approximately $140,000. 33.05% of the stock is currently owned by institutional investors.

About Western Asset Emerging Markets Debt Fund

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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.