Stone Harbor Emerging Markets Income Fund (NYSE:EDF) posts $0.06 monthly dividend

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Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Rating) declared a monthly dividend on Wednesday, May 25, Zacks reports. Shareholders of record on Tuesday 7th June will receive a dividend of 0.06 per share on Friday 17th June. That translates to an annualized dividend of $0.72 and a yield of 13.09%. The ex-dividend date of this dividend is Monday June 6th.

The Stone Harbor Emerging Markets Income Fund has reduced its dividend by an average of 27.0% per year over the past three years.

NYSE:EDF opened at $5.50 on Friday. The stock has a 50-day moving average price of $5.84 and a 200-day moving average price of $6.27. The Stone Harbor Emerging Markets Income Fund has a 1-year low of $5.05 and a 1-year high of $8.74.

Several hedge funds have recently changed their positions in the company. Morgan Stanley added 4.4% to its position in shares of the Stone Harbor Emerging Markets Income Fund in the second quarter. Morgan Stanley now owns 208,207 shares of the company’s stock valued at $1,778,000 after purchasing an additional 8,743 shares last quarter. LPL Financial LLC purchased a new position in Stone Harbor Emerging Markets Income Fund stock valued at $222,000 during the third quarter. UBS Group AG increased its holding in the Stone Harbor Emerging Markets Income Fund by 5.9% in the third quarter. UBS Group AG now owns 39,406 shares of the company, valued at $293,000, after purchasing an additional 2,207 shares last quarter. Jane Street Group LLC acquired a new interest in Stone Harbor Emerging Markets Income Fund stock valued at $266,000 during the third quarter. Finally, Millennium Management LLC acquired a new interest in shares of the Stone Harbor Emerging Markets Income Fund valued at $231,000 during the fourth quarter.

Corporate Profile of the Stone Harbor Emerging Markets Income Fund (get rating)

The Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund created and managed by Stone Harbor Investment Partners LP. The fund invests worldwide in the bond markets of emerging countries. It invests primarily in government bonds, corporate debt, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans and securitized loan participations.

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Dividend History for Stone Harbor Emerging Markets Income Fund (NYSE:EDF)



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