Western Asset Emerging Markets Debt Fund Inc. (EMD) To Go Ex-Dividend on April 22nd

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) declared a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.0845 per share on Wednesday, May 1st. This represents a $1.01 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset Emerging Markets Debt Fund has decreased its dividend by an average of 7.9% per year over the last three years.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD opened at $8.96 on Friday. Western Asset Emerging Markets Debt Fund has a 12 month low of $7.85 and a 12 month high of $9.67. The stock has a fifty day moving average price of $9.24 and a 200 day moving average price of $8.92.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its position in Western Asset Emerging Markets Debt Fund by 6.0% during the fourth quarter. Morgan Stanley now owns 10,992,922 shares of the company’s stock valued at $100,146,000 after buying an additional 617,742 shares during the period. Pathstone Holdings LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at $16,829,000. Invesco Ltd. raised its position in Western Asset Emerging Markets Debt Fund by 3.3% during the first quarter. Invesco Ltd. now owns 1,137,630 shares of the company’s stock valued at $12,207,000 after buying an additional 35,820 shares during the period. Penserra Capital Management LLC raised its position in Western Asset Emerging Markets Debt Fund by 15.4% during the first quarter. Penserra Capital Management LLC now owns 919,896 shares of the company’s stock valued at $9,870,000 after buying an additional 122,542 shares during the period. Finally, UBS Group AG raised its position in Western Asset Emerging Markets Debt Fund by 12.7% during the first quarter. UBS Group AG now owns 825,502 shares of the company’s stock valued at $8,858,000 after buying an additional 92,757 shares during the period. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

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.