The Templeton Global Income Fund, which is traded on the New York Stock Exchange under the ticker symbol “GIM,” announced that it would begin paying a monthly dividend on the tenth day of the new year, which was Tuesday. On Tuesday, January 31, the financial services company will make a dividend payment of $0.0308 per share to the shareholders who were recorded as having ownership on Thursday, January 19. This payment will be made to the shareholders who had ownership on Thursday. When calculated on an annualized basis, this results in a dividend payment of $0.37 and a yield of 8.46%. On Wednesday, January 18, the date that will no longer count toward the total dividend will be removed from consideration. The previous value of Templeton Global Income Fund’s monthly dividend was $0.03; consequently, this amount represents an increase from that previous value.
The dividend that the Templeton Global Income Fund has distributed has been reduced over the past three years by an average annualized rate of 1.1% lower than before.
The value of NYSE GIM increased by $0.04 during trading on Tuesday, bringing the current price to $4.37. The number of times the stock was traded was 93,491, a significant decrease from the market’s typical volume of 186,265 trades. The price of the Templeton Global Income Fund has ranged from $3.97 to $5.25 over the past 52 weeks, with a low of $3.97 and a high of $5.25. The moving average price of the company’s shares over the past 200 days is $4.36, while the moving average price over the last 50 days is $4.22.
Additionally, on October 24, Saba Capital Management, L.P. purchased 14,738 Templeton Global Income Fund stock shares. The stock was purchased at an average price of $4.05 per share, resulting in a total outlay of $59,688.90 for the buyer. As a direct consequence of the successful transaction completion, the company insider now directly owns 35,034,796 shares of the company’s stock. Based on the current stock price, this gives the insider a total value of $141,890,923.80. If you follow this link, you will be brought to the SEC filing in which the acquisition was discussed, so make sure you do so. According to reports from other news sources, an employee of Franklin Resources Inc. purchased 44,574 shares of the company’s stock on Monday, November 7. Because the cost per share on average was $4.24, the total price of the shares came to be $188,993.76; this was because the total price of the shares was $188,993.76. As a result of the purchase, the company insider now holds a total of 9,980,453 shares, which have a value of approximately $42,317,120.72. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. The company’s major shareholder, Saba Capital Management, L.P., purchased 14,738 shares of the company’s stock on Monday, October 24. The cost of purchasing all of the shares came to a total of $59,688.90, which works out to an average price of $4.05 for each share. As a result of the purchase, the company insider now directly owns 35,034,796 shares of the company’s stock, which together have an approximate value of $141,890,923.80. You should look in this location if you are looking for the disclosure that pertains to this transaction. In the most recent quarter, company insiders purchased 1,408,337 shares at $5,857,511. These purchases were made in the period covering the most recent three months. 6.18 company insiders own a percent of the total shares currently outstanding.
Recently, numerous hedge funds and other institutional investors have bought and sold company shares. These transactions took place in both the buying and selling directions. The percentage of the Templeton Global Income Fund owned by Penserra Capital Management LLC increased by 2.1% during the first three months of the year. Penserra Capital Management LLC now has a total of 2,332,749 stock holdings by the financial services provider following the acquisition of an additional 47,402 shares during the most recent quarter. These shares have a combined value of $11,733,000 because the company has a total of 2,332,749 shares. During the second quarter, Wells Fargo & Company MN increased the number of shares it owned in Templeton Global Income Fund by 2.3%. Wells Fargo & Company MN now holds 678,494 shares of the financial services provider’s stock after purchasing an additional 15,259 shares during the most recent quarter. These shares have an estimated market value of $2,993,000. During the first quarter of 2018, Bank of America Corp. (D.E.) invested 1.8% more money in Templeton Global Income Fund than it did during the same period in the previous year. Bank of America Corp. (D.E.) now holds a total of 625,451 shares of the company, which has a market cap of $3,146,000; this is a result of the acquisition of 11,047 additional shares during the preceding quarter. Nations Financial Group Inc. IA ADV invested approximately $2,591,000 more in Templeton Global Income Fund shares during the first quarter of the year compared to the amount it invested in the stock during the previous quarter. And finally, during the first quarter of this year, the Royal Bank of Canada increased the number of shares of Templeton Global Income Fund that it held in its investment portfolio by 73.3%. The Royal Bank of Canada now holds 118,479 shares in the company, bringing its total shareholding to 118,479. The company is currently valued at $596 million on the market. The bank purchased an additional 50,109 shares during the most recent quarter. 62.04 percent of the company’s shares are owned collectively by institutional investors and hedge funds.
The closed-end Templeton Global Income Fund is a type of mutual fund that invests in fixed income, and Franklin Resources, Inc. was the first to provide investors with access to this type of fund. Franklin Advisers, Inc handles the management of the company. It does this by making investments in the fixed-income markets of other countries all over the world. The vast majority of its holdings are comprised of bonds issued by various governments. The management of the fund is done actively. It evaluates the performance of its portfolio in comparison to the performance of the J.P. Morgan portfolio.