Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Declares $0.06 Monthly Dividend

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.06 per share on Tuesday, December 19th. This represents a $0.72 annualized dividend and a dividend yield of 17.22%. The ex-dividend date of this dividend is Friday, December 8th.

Virtus Stone Harbor Emerging Markets Income Fund has decreased its dividend payment by an average of 30.7% annually over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Virtus Stone Harbor Emerging Markets Income Fund stock traded up $0.12 during mid-day trading on Monday, reaching $4.18. The stock had a trading volume of 99,977 shares, compared to its average volume of 73,499. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $3.51 and a one year high of $5.62. The company has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $4.32.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.3% in the 4th quarter. Morgan Stanley now owns 1,135,314 shares of the company’s stock worth $4,723,000 after purchasing an additional 96,187 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 189,441 shares of the company’s stock worth $1,237,000 after buying an additional 3,012 shares in the last quarter. LPL Financial LLC raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 1.9% in the 3rd quarter. LPL Financial LLC now owns 161,536 shares of the company’s stock worth $714,000 after buying an additional 3,012 shares during the last quarter. Bank of America Corp DE lifted its stake in Virtus Stone Harbor Emerging Markets Income Fund by 8.3% during the 1st quarter. Bank of America Corp DE now owns 62,977 shares of the company’s stock valued at $411,000 after acquiring an additional 4,827 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 14.7% during the 1st quarter. Advisory Services Network LLC now owns 29,796 shares of the company’s stock valued at $195,000 after acquiring an additional 3,812 shares during the last quarter.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.