Templeton Emerging Markets Investment Trust plc (LON:TEM - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 162.71 ($2.11) and traded as high as GBX 165 ($2.14). Templeton Emerging Markets Investment Trust shares last traded at GBX 163 ($2.12), with a volume of 1,640,247 shares trading hands.
Templeton Emerging Markets Investment Trust Price Performance
The company has a quick ratio of 3.25, a current ratio of 36.22 and a debt-to-equity ratio of 5.17. The company has a market capitalization of £1.81 billion, a price-to-earnings ratio of 1,160.07 and a beta of 0.64. The stock's 50-day simple moving average is GBX 162.82 and its two-hundred day simple moving average is GBX 157.46.
Templeton Emerging Markets Investment Trust Increases Dividend
The business also recently declared a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 20th were given a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 1.94%. The ex-dividend date was Thursday, June 20th. This is an increase from Templeton Emerging Markets Investment Trust's previous dividend of $2.00. Templeton Emerging Markets Investment Trust's dividend payout ratio is 3,571.43%.
Insider Buying and Selling
In other news, insider Magdalene Miller purchased 13,000 shares of the company's stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of GBX 158 ($2.05) per share, for a total transaction of £20,540 ($26,689.19). 0.46% of the stock is currently owned by insiders.
Templeton Emerging Markets Investment Trust Company Profile
(
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Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.a.r l. The fund is co-managed by Franklin Templeton Investment Management Limited and Templeton Asset Management Ltd. It invests in the public equity markets of developing countries across the globe.
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