Shares of Morgan Stanley Emerging Markets Debt (NYSE:MSD) were up 5.2% during trading on Wednesday after the company announced a dividend. The company traded as high as $7.64 and last traded at $7.49, approximately 147,393 shares were traded during trading. An increase of 16% from the average daily volume of 126,993 shares. The stock had previously closed at $7.12.
The newly announced dividend which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.41%.
The business’s 50-day moving average price is $9.10 and its 200-day moving average price is $9.40.
About Morgan Stanley Emerging Markets Debt (NYSE:MSD)
Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
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