Templeton Global Income Fund declares $0.025 dividend


Franklin Templeton (GIM) declares $0.025/share monthly dividend, 28.6% decrease from prior dividend of $0.035.

Forward yield 3.73%

Payable April 30; for shareholders of record April 15; ex-div April 10.

Comments (1)
  • bearperney
    , contributor
    Comments (19) | Send Message
     
    No real surprise here, I guess. The stated rationale is the investment co. "going short term" in anticipation of increased longer term rates in the future (hopefully soon!). Thus avoiding the NAV decrease when global rates increase and therefore longer term bond prices plummet.

     

    My beef, if I have one, is that I am already in short term bonds to the extent I wanted to be. I did not need GIM to suddenly go that way too! Now, I have too much in short terms to suit me. Any suggestions?
    1 Apr 2014, 01:52 PM Reply Like
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