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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) announced a monthly dividend on Tuesday, November 21st, Wall Street Journal reports. Investors of record on Monday, December 11th will be given 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 Price Performance

Virtus Stone Harbor Emerging Markets Income Fund stock opened at $4.18 on Tuesday. 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’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $4.32.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 1.9% during the third quarter. LPL Financial LLC now owns 161,536 shares of the company’s stock worth $714,000 after purchasing an additional 3,012 shares during the period. UBS Group AG boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 13.2% during the 3rd quarter. UBS Group AG now owns 32,225 shares of the company’s stock worth $142,000 after buying an additional 3,751 shares during the period. Advisory Services Network LLC grew its stake in Virtus Stone Harbor Emerging Markets Income Fund by 12.9% in the 1st quarter. Advisory Services Network LLC now owns 21,272 shares of the company’s stock valued at $97,000 after buying an additional 2,433 shares during the last quarter. Susquehanna International Group LLP bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth $83,000. Finally, Morgan Stanley raised its holdings in 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 acquiring an additional 96,187 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.