Western Asset Emerging Markets Debt Fund Inc. Plans Monthly Dividend of $0.08 (NYSE:EMD)

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) declared a monthly dividend on Tuesday, August 2, the Wall Street Journal reports. Shareholders of record on Monday, October 24 will receive a dividend of $0.08 per share on Tuesday, November 1st. That equates to a dividend of $0.96 on an annualized basis and a dividend yield of 12.66%. The ex-dividend date is Friday October 21st.

Western Asset’s Emerging Markets Debt Fund has reduced its dividend by an average of 3.5% annually over the past three years.

Shares in the Western Asset Emerging Markets Debt Fund down 2.4%

NYSE EMD opened at $7.58 on Thursday. The company has a 50-day moving average price of $8.73 and a 200-day moving average price of $9.17. The Western Asset Emerging Markets Debt Fund has a 12-month low of $7.58 and a 12-month high of $13.87.

Hedge funds weight the Western Asset Emerging Markets Debt Fund

A number of hedge funds and other institutional investors have recently added to or reduced their holdings in EMD. Nomura Holdings Inc. acquired a new position in the Western Asset Emerging Markets Debt Fund valued at approximately $133,000 during the second quarter. Saba Capital Management LP acquired a new position in the Western Asset Emerging Markets Debt Fund valued at approximately $134,000 during the first quarter. Cambridge Investment Research Advisors Inc. increased its holding in the Western Asset Emerging Markets Debt Fund by 26.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,026 shares of the company’s stock valued at $226,000 after purchasing an additional 4,425 shares last quarter. Thrivent Financial for Lutherans increased its holding in Western Asset Emerging Markets Debt Fund by 10.0% during the second quarter. Thrivent Financial for Lutherans now owns 55,083 shares of the company’s stock valued at $486,000 after purchasing an additional 5,000 shares last quarter. Finally, NewEdge Advisors LLC increased its holding in Western Asset Emerging Markets Debt Fund by 10.5% during the first quarter. NewEdge Advisors LLC now owns 102,211 shares of the company’s stock valued at $1,097,000 after purchasing an additional 9,700 shares last quarter.

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Corporate Profile of Western Asset Emerging Markets Debt Fund

(received rating)

Western Asset Emerging Markets Debt Fund Inc. is an open-ended fixed income mutual fund created and managed by Legg Mason Partners Fund Advisor, LLC. It is managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. ltd The fund invests worldwide in bond markets of emerging countries.

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Selected Stories

Dividend History for Western Asset Emerging Markets Debt Fund (NYSE:EMD)

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