Virtus Stone Harbor Emerging Markets Income Fund (EDF)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Virtus Stone Harbor Emerging Markets Income Fund trades at USD5.11, which is 48% below the USD7.56 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 5.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
EDF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.420 | 7 |
| 2025 | USD0.720 | 12 |
| 2024 | USD0.720 | 12 |
| 2023 | USD0.720 | 12 |
| 2022 | USD0.720 | 12 |
| 2021 | USD0.860 | 12 |
| 2020 | USD1.33 | 12 |
| 2019 | USD2.16 | 12 |
| 2018 | USD2.16 | 12 |
| 2017 | USD2.16 | 12 |
| 2016 | USD2.16 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
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. The fund focuses on factors such as liquidity, volatility, tax implications, interest rate sensitivity, counterparty risks, economic factors, currency exchange rates, and technical market considerations to create its portfolio. It benchmarks the performance of its portfolios against the JP Morgan EMBI Global Diversified TR Index, the JPMorgan CEMBI Broad Diversified Index, and the JPMorgan GBI-EM Global Diversified Composite TR Index. Virtus Stone Harbor Emerging Markets Income Fund was formed on December 22, 2010 and is domiciled in the United States.
EDF passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Virtus Stone Harbor Emerging Markets Income Fund (EDF) undervalued?
Against our discounted cash flow estimate of USD7.56, EDF at USD5.11 is 48% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is EDF's P/E ratio?
EDF trades at 5.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Virtus Stone Harbor Emerging Markets Income Fund (EDF) pay a dividend?
Yes. Virtus Stone Harbor Emerging Markets Income Fund yields 14.04% at the current share price. It has paid USD0.720 per share over the trailing twelve months. It has paid a dividend in each of the last 15 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.