Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) to Issue Quarterly Dividend of $0.09

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) declared a quarterly dividend on Monday, March 18th, Zacks reports. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.09 per share by the investment management company on Monday, April 15th. This represents a $0.36 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, March 27th.

Morgan Stanley Emerging Markets Domestic Debt Fund has decreased its dividend by an average of 7.9% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.6 %

NYSE EDD traded up $0.03 during trading hours on Tuesday, reaching $4.82. The company had a trading volume of 39,175 shares, compared to its average volume of 232,616. The stock has a 50-day moving average of $4.70 and a 200 day moving average of $4.61. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.22 and a 1-year high of $4.95.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EDD. Bank of America Corp DE lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 12.0% during the first quarter. Bank of America Corp DE now owns 4,445,626 shares of the investment management company’s stock worth $22,183,000 after purchasing an additional 475,934 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth about $16,251,000. Morgan Stanley lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 6.6% during the fourth quarter. Morgan Stanley now owns 2,924,293 shares of the investment management company’s stock worth $12,867,000 after purchasing an additional 179,938 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.1% during the second quarter. Wells Fargo & Company MN now owns 1,339,197 shares of the investment management company’s stock worth $6,281,000 after purchasing an additional 14,962 shares in the last quarter. Finally, Saba Capital Management L.P. acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter worth about $5,736,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.