Templeton Global Income Fund (NYSE:GIM) Hits New 1-Year Low at $5.85

Shares of Templeton Global Income Fund, Inc. (NYSE:GIM) reached a new 52-week low during trading on Monday . The stock traded as low as $5.85 and last traded at $5.89, with a volume of 634201 shares changing hands. The stock had previously closed at $5.88.

The company’s 50-day simple moving average is $6.03 and its 200 day simple moving average is $6.21.

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.024 per share. This represents a $0.29 annualized dividend and a dividend yield of 4.89%. This is a positive change from Templeton Global Income Fund’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 14th.

Several hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC lifted its position in shares of Templeton Global Income Fund by 0.3% during the third quarter. Rivernorth Capital Management LLC now owns 5,504,809 shares of the financial services provider’s stock valued at $33,800,000 after buying an additional 16,000 shares during the last quarter. Invesco Ltd. lifted its position in shares of Templeton Global Income Fund by 9.7% during the second quarter. Invesco Ltd. now owns 1,851,976 shares of the financial services provider’s stock valued at $11,779,000 after buying an additional 163,536 shares during the last quarter. JNBA Financial Advisors lifted its position in shares of Templeton Global Income Fund by 1.1% during the second quarter. JNBA Financial Advisors now owns 1,374,479 shares of the financial services provider’s stock valued at $8,742,000 after buying an additional 14,410 shares during the last quarter. Morgan Stanley lifted its position in shares of Templeton Global Income Fund by 4.5% during the second quarter. Morgan Stanley now owns 1,371,982 shares of the financial services provider’s stock valued at $8,726,000 after buying an additional 59,052 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Templeton Global Income Fund by 0.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,104,579 shares of the financial services provider’s stock valued at $7,025,000 after buying an additional 3,159 shares during the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

Templeton Global Income Fund Company Profile (NYSE:GIM)

Templeton Global Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

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