Templeton Emerging Markets Fund Plans Special Dividend of $0.78 (NYSE:EMF)

by · The Cerbat Gem

Templeton Emerging Markets Fund (NYSE:EMF – Get Free Report) declared a special dividend on Friday, December 5th. Investors of record on Monday, December 15th will be given a dividend of 0.7763 per share by the financial services provider on Wednesday, December 31st. This represents a dividend yield of 498.0%. The ex-dividend date is Monday, December 15th.

Templeton Emerging Markets Fund Stock Performance

NYSE EMF remained flat at $17.56 during trading hours on Friday. 36,804 shares of the company traded hands, compared to its average volume of 28,744. Templeton Emerging Markets Fund has a 12 month low of $11.14 and a 12 month high of $18.01. The stock has a 50 day simple moving average of $17.14 and a two-hundred day simple moving average of $15.79.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its holdings in Templeton Emerging Markets Fund by 1.0% during the third quarter. Flagship Harbor Advisors LLC now owns 129,555 shares of the financial services provider’s stock valued at $2,169,000 after purchasing an additional 1,310 shares during the period. Alexander Randolph Advisory Inc. lifted its position in shares of Templeton Emerging Markets Fund by 1.2% during the 2nd quarter. Alexander Randolph Advisory Inc. now owns 131,992 shares of the financial services provider’s stock valued at $1,926,000 after buying an additional 1,530 shares in the last quarter. Hilltop National Bank bought a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter valued at approximately $38,000. Calamos Advisors LLC increased its holdings in Templeton Emerging Markets Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 24,061 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 4,295 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Templeton Emerging Markets Fund by 3.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 144,446 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 4,335 shares during the period. 49.86% of the stock is owned by institutional investors.

About Templeton Emerging Markets Fund

(Get Free Report)

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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