Western Asset Emerging Markets Debt Fund Inc. Announces Dividend Increase

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) has recently announced an increase in its dividend. On February 19th, the fund declared a dividend of $0.09 per share, marking a 2.9% increase from its previous distribution, which was also $0.09 per share. This decision was made public through a notice to investors.

Dividend Details

Investors who hold shares of the fund will be eligible for this dividend payment if they are recorded as shareholders by Monday, March 24th. The funds will be distributed to eligible stockholders on Tuesday, April 1st, 2023. It is important to note that the ex-dividend date, which is the cutoff date to qualify for the dividend, is also set for March 24th.

Stock Performance Overview

As for the fund's stock performance, shares of EMD opened at $9.89. The 50-day moving average price for the stock is reported at $9.84, while its 200-day moving average stands at $9.89. Over the past year, the stock has ranged between a low of $8.89 and a high of $10.33, indicating some fluctuation in its market value.

About the Fund

Western Asset Emerging Markets Debt Fund Inc. is a specialized investment entity that primarily focuses on fixed-income securities within emerging market economies across the globe. The fund is managed by Legg Mason Partners Fund Advisor, LLC, along with co-managers from the Western Asset Management family.

Investment Insights

For prospective investors, it's advisable to consider various options before deciding to invest in the Western Asset Emerging Markets Debt Fund. Current ratings show that while the fund has a Hold rating, analysts suggest exploring other stocks that may offer better growth potential.

Investors are encouraged to do their research and consider their financial strategies before making investment decisions.

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