Templeton Fund sets quarterly distribution at $0.22 per share

FORT LAUDERDALE - Templeton Emerging Markets Fund (NYSE: EMF), currently trading at $13.07 with a dividend yield of 3.92%, has announced a quarterly distribution of $0.22 per share, which will be payable to shareholders on March 31, 2025. The record date for shareholders to be eligible for the distribution is March 17, 2025, and shares will trade ex-dividend starting the same day. According to InvestingPro data, EMF has maintained dividend payments for 22 consecutive years, demonstrating remarkable consistency in shareholder returns.

The Fund’s Board of Trustees has implemented a Managed Distribution Plan, aiming to provide shareholders with a steady flow of quarterly distributions primarily from the Fund’s ordinary income and short-term capital gains. The Plan is also designed to reduce the gap between the market price and the net asset value of the Fund’s common shares, although this outcome is not certain. With a P/E ratio of 6.96 and a market capitalization of $198.31 million, InvestingPro analysis reveals several additional key metrics and insights available to subscribers.

Should the Fund lack sufficient distributable income in any quarter, it will distribute long-term capital gains and/or return of capital to maintain the established distribution rate. It is important for shareholders to understand that a return of capital distribution does not necessarily indicate the Fund’s investment performance and is not synonymous with yield or income. Moreover, any capital gains realized by the Fund within the current year may be balanced by capital loss carryovers from previous years.

The Board reserves the right to modify or terminate the Managed Distribution Plan at any time, which could negatively impact the market price of the Fund’s common shares. The Plan will undergo regular evaluations by the Board, including an annual review of the distribution rate to decide if adjustments are necessary.

Shareholders are advised to not infer the Fund’s investment performance from the distribution amount or the Plan’s terms. The distribution sources reported are estimates and are not for tax reporting purposes. The actual sources for tax purposes will depend on the Fund’s investment results during the fiscal year and are subject to tax regulation changes. Shareholders will receive a Form 1099-DIV for the calendar year to report the distributions for federal income tax purposes.

Franklin Resources, Inc., operating as Franklin Templeton, is the parent organization and a global investment manager serving clients in over 150 countries. With a mission to deliver improved outcomes through expertise in investment management, wealth management, and technology solutions, Franklin Templeton manages $1.58 trillion in assets as of January 31, 2025. The fund has shown strong performance with a YTD return of 9.21% and maintains a FAIR financial health score according to InvestingPro comprehensive analysis tools.

This news article is based on a press release statement from Franklin Templeton.

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