Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Announces $0.06 Monthly Dividend

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.06 per share on Tuesday, December 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 17.22%. The ex-dividend date is Friday, December 8th.

Virtus Stone Harbor Emerging Markets Income Fund has decreased its dividend payment by an average of 30.7% annually over the last three years.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 2.9 %

NYSE EDF traded up $0.12 during trading hours on Monday, hitting $4.18. The company had a trading volume of 99,965 shares, compared to its average volume of 73,499. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $3.51 and a fifty-two week high of $5.62. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $4.32.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at $83,000. Advisory Services Network LLC grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 12.9% during the first quarter. Advisory Services Network LLC now owns 21,272 shares of the company’s stock valued at $97,000 after acquiring an additional 2,433 shares in the last quarter. UBS Group AG grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 13.2% during the third quarter. UBS Group AG now owns 32,225 shares of the company’s stock valued at $142,000 after acquiring an additional 3,751 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.3% during the first quarter. Bank of America Corp DE now owns 62,977 shares of the company’s stock valued at $411,000 after acquiring an additional 4,827 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 29.1% during the second quarter. LPL Financial LLC now owns 141,430 shares of the company’s stock valued at $622,000 after acquiring an additional 31,874 shares in the last quarter.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.