Templeton Emerging Markets Income Fund (TEI)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Templeton Emerging Markets Income Fund trades at USD6.57, which is 120% below the USD14.45 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 79 out of 100, which is a wide 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 3.3 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.
TEI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.342 | 7 |
| 2025 | USD0.881 | 12 |
| 2024 | USD0.576 | 12 |
| 2023 | USD0.566 | 12 |
| 2022 | USD0.653 | 12 |
| 2021 | USD0.763 | 12 |
| 2020 | USD0.571 | 12 |
| 2019 | USD0.783 | 12 |
| 2018 | USD0.892 | 8 |
| 2017 | USD0.621 | 4 |
| 2016 | USD0.800 | 4 |
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 Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies. The fund benchmarks the performance of its portfolio against the J.P. Morgan Emerging Markets Bond Index. Templeton Emerging Markets Income Fund was formed on September 23, 1993 and is domiciled in the United States.
TEI passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Templeton Emerging Markets Income Fund (TEI) undervalued?
Against our discounted cash flow estimate of USD14.45, TEI at USD6.57 is 120% 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 TEI's P/E ratio?
TEI trades at 3.3 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 Templeton Emerging Markets Income Fund (TEI) pay a dividend?
Yes. Templeton Emerging Markets Income Fund yields 9.73% at the current share price. It has paid USD0.887 per share over the trailing twelve months. It has paid a dividend in each of the last 33 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.