Western Asset Emerging Markets Debt Fund Inc. Announces Monthly Dividend of $0.09 (NYSE:EMD)

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Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) announced a monthly dividend on Friday February 18, the wall street journal reports. Shareholders of record on Monday, May 23 will receive a dividend of 0.09 per share on Wednesday, June 1. This represents a dividend of $1.08 on an annualized basis and a dividend yield of 9.40%. The ex-dividend date is Friday, May 20.

Western Asset Emerging Markets Debt Fund has decreased its dividend by 10.0% over the past three years and has increased its dividend each year for the past 2 consecutive years.

Shares of EMD rose $0.03 during Friday’s midday session, hitting $11.49. 169,865 shares of the stock trade in hands, compared to its average volume of 317,672. The stock’s fifty-day simple moving average is $12.28 and its two-hundred-day simple moving average is 13, $19. The Western Asset Emerging Markets Debt Fund has a 1-year low of $11.10 and a 1-year high of $14.30.

In related news, the director Daniel P. Cronin sold 4,100 shares of Western Asset Emerging Markets Debt Fund in a trade that took place on Wednesday, January 5. The stock was sold at an average price of $12.84, for a total value of $52,644.00. The transaction was disclosed in a document filed with the SEC, accessible via this link.

Institutional investors have recently been buying and selling shares of the stock. Bank of New York Mellon Corp increased its stake in shares of Western Asset Emerging Markets Debt Fund by 7.1% in the third quarter. Bank of New York Mellon Corp now owns 12,301 shares of the company worth $167,000 after acquiring 814 additional shares during the period. NEXT Financial Group Inc increased its stake in Western Asset Emerging Markets Debt Fund by 90.2% in the fourth quarter. NEXT Financial Group Inc now owns 42,664 shares of the company valued at $546,000 after purchasing an additional 20,227 shares during the period. Thrivent Financial for Lutherans increased its stake in Western Asset Emerging Markets Debt Fund by 2.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 49,736 shares of the company valued at $637,000 after purchasing an additional 980 shares during the period. NewEdge Advisors LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter, valued at approximately $1,184,000. Finally, LPL Financial LLC increased its stake in Western Asset Emerging Markets Debt Fund by 7.6% in the fourth quarter. LPL Financial LLC now owns 298,449 shares of the company valued at $3,820,000 after purchasing an additional 20,984 shares during the period.

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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 the bond markets of emerging countries worldwide.

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

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