Morgan Stanley Emerging Markets Domestic (NYSE:EDD) announced a quarterly dividend on Wednesday, December 13th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.15 per share by the investment management company on Wednesday, January 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Thursday, December 21st.
Morgan Stanley Emerging Markets Domestic has decreased its dividend by an average of 26.3% per year over the last three years.
Morgan Stanley Emerging Markets Domestic (EDD) traded up $0.07 on Thursday, hitting $7.98. The stock had a trading volume of 249,792 shares, compared to its average volume of 230,970. Morgan Stanley Emerging Markets Domestic has a 12 month low of $7.29 and a 12 month high of $8.37. The firm has a market capitalization of $535.66, a P/E ratio of 17.73 and a beta of 0.92.
Morgan Stanley Emerging Markets Domestic Company Profile
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. Its secondary investment objective is of long-term capital appreciation. The Fund invests approximately 80% of its managed assets in emerging markets domestic debt.
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