Templeton Emerging Markets Investment Trust (LON:TEM) Reaches New 12-Month High at $167.80

Shares of Templeton Emerging Markets Investment Trust plc (LON:TEM) hit a new 52-week high on Thursday . The company traded as high as GBX 167.80 ($2.15) and last traded at GBX 167.45 ($2.14), with a volume of 3377181 shares trading hands. The stock had previously closed at GBX 166.40 ($2.13).

Templeton Emerging Markets Investment Trust Stock Performance

The company has a market cap of £1.86 billion, a price-to-earnings ratio of 1,188.57 and a beta of 0.64. The firm’s 50 day simple moving average is GBX 160.66 and its 200-day simple moving average is GBX 153.90. The company has a debt-to-equity ratio of 5.17, a quick ratio of 3.25 and a current ratio of 36.22.

Templeton Emerging Markets Investment Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be issued a GBX 3 ($0.04) dividend. This is an increase from Templeton Emerging Markets Investment Trust’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 1.94%. Templeton Emerging Markets Investment Trust’s dividend payout ratio is presently 3,571.43%.

Insider Buying and Selling

In other Templeton Emerging Markets Investment Trust news, insider Magdalene Miller bought 13,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of GBX 158 ($2.02) per share, with a total value of £20,540 ($26,309.72). 0.46% of the stock is currently owned by company insiders.

About Templeton Emerging Markets Investment Trust

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.