Templeton Emerging Markets Income Fund (TEI) Receiving Somewhat Favorable Press Coverage, Study Shows

Media stories about Templeton Emerging Markets Income Fund (NYSE:TEI) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Templeton Emerging Markets Income Fund earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.4456039032721 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) traded up $0.07 during trading hours on Friday, hitting $11.64. 248,400 shares of the stock traded hands, compared to its average volume of 536,650. Templeton Emerging Markets Income Fund has a 52 week low of $10.93 and a 52 week high of $11.75.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.2953 per share. The ex-dividend date was Thursday, December 14th. This is an increase from Templeton Emerging Markets Income Fund’s previous quarterly dividend of $0.11. This represents a $1.18 annualized dividend and a dividend yield of 10.15%.

In related news, major shareholder Saba Capital Management, L.P. purchased 147,010 shares of the stock in a transaction dated Friday, January 5th. The stock was bought at an average cost of $11.37 per share, for a total transaction of $1,671,503.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

Insider Buying and Selling by Quarter for Templeton Emerging Markets Income Fund (NYSE:TEI)

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