November 24, 2022
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  • Templeton Global Income Fund (NYSE:GIM) will issue a monthly dividend of $0.03

Templeton Global Income Fund (NYSE:GIM) will issue a monthly dividend of $0.03

By on November 8, 2022 0

Templeton Global Income Fund (New York Stock Exchange: GIMGet a rating) declared a monthly dividend on Tuesday, November 8, the wall street journal reports. Investors of record on Thursday November 17 will receive a dividend of 0.0288 per share from the financial services provider on Wednesday November 30. This represents an annualized dividend of $0.35 and a yield of 8.27%. The ex-date of this dividend is Wednesday, November 16.

Templeton Global Income Fund has increased its dividend payout by an average of 2.2% per year over the past three years.

Templeton Global Income Fund trades down 2.1%

New York Stock Exchange: GIM was trading down $0.09 in midday trading on Tuesday, hitting $4.18. 146,802 shares of the company were traded, against an average volume of 300,677. The company has a fifty-day moving average of $4.32 and a 200-day moving average of $4.47. Templeton Global Income Fund has a 12-month low of $3.97 and a 12-month high of $5.48.

Insider Activity at Templeton Global Income Fund

Separately, major shareholder Saba Capital Management, LP acquired 31,952 shares of the company in a transaction dated Wednesday, October 19. The shares were acquired at an average cost of $4.05 per share, with a total value of $129,405.60. Following the completion of the acquisition, the insider now owns 34,938,498 shares of the company, valued at $141,500,916.90. The acquisition was disclosed in a legal filing with the SEC, available at the SEC website. Separately, insider Franklin Resources Inc acquired 89,536 shares of the company in a trade dated Wednesday, August 10. The shares were acquired at an average cost of $4.81 per share, with a total value of $430,668.16. Following the completion of the acquisition, the insider now owns 3,908,042 shares of the company, valued at $18,797,682.02. The acquisition was disclosed in a legal filing with the SEC, available at the SEC website. Additionally, major shareholder Saba Capital Management, LP purchased 31,952 shares in a trade dated Wednesday, October 19. The stock was purchased at an average price of $4.05 per share, for a total transaction of $129,405.60. Following the purchase, the insider now directly owns 34,938,498 shares of the company, valued at $141,500,916.90. Disclosure of this purchase can be found here. Insiders have acquired 6,075,647 shares of the company worth $26,511,283 over the past ninety days. Company insiders own 6.18% of the company’s shares.

Templeton Global Income Fund Institutional Trading

A number of hedge funds have recently changed their stock holdings. Cetera Investment Advisers increased its equity stake in Templeton Global Income Fund by 11.9% in the first quarter. Cetera Investment Advisers now owns 27,220 shares of the financial services provider worth $137,000 after buying 2,884 additional shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Templeton Global Income Fund by 19.7% in the second quarter. NewEdge Advisors LLC now owns 21,850 shares of the financial services provider worth $96,000 after buying 3,600 additional shares in the last quarter. UBS Group AG increased its equity stake in Templeton Global Income Fund by 5.4% in the second quarter. UBS Group AG now owns 78,907 shares of the financial services provider worth $348,000 after buying an additional 4,062 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Templeton Global Income Fund in the first quarter for a value of approximately $54,000. Finally, Bank of America Corp DE increased its equity stake in Templeton Global Income Fund by 1.8% in the first quarter. Bank of America Corp DE now owns 625,451 shares of the financial services provider worth $3,146,000 after buying 11,047 additional shares in the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s shares.

About Templeton Global Income Fund

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Templeton Global Income Fund is a closed-end, fixed income mutual fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. The fund invests in fixed income markets worldwide. It invests mainly in government bonds. The fund is actively managed. He compares the performance of his portfolio against the JP

Further reading

Dividend history for Templeton Global Income Fund (NYSE:GIM)

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