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Cullen Emerging Markets High Dividend Fd Retail Cl

CEMDX · NASDAQ

Market closed$18.53$-0.410000 (-2.16%)

Key statistics

Previous close$18.94
Open$18.53
Day high$18.53
Day low$18.53
52-week high$20.66
52-week low$14.02
Market cap2.17B
Volume—
Average volume—
P/E ratio62.60
Forward P/E—
EPS0.30
Dividend yield+1.89%

Market context

Why it moved

CEMDX declined as investor sentiment around CEMEX was weighed down by the planned merger of its U.S. business with Cementos Argos, raising concerns about deal complexity and integration risks amid an already challenging construction materials market.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Cullen Emerging Markets High Dividend Fund closed essentially unchanged, holding steady near $18.94 amid a mixed broader market backdrop. While the financial services sector (XLF) approached 52-week highs supported by a blowout Q2 earnings season—with major banks including Goldman Sachs, JPMorgan, and State Street all beating estimates on surging trading and investment banking revenue—emerging markets funds faced headwinds from China's GDP miss (4.3% vs. expectations) and ongoing Middle East geopolitical tensions weighing on risk sentiment and EM-exposed dividend strategies.

-0.1581

July 15, 2026Cullen Emerging Markets High Dividend Fund closed up 1.43%, lifted by a broadly favorable backdrop for the financial services and asset management sector. Blockbuster Q2 earnings from BlackRock—whose iShares unit surpassed $6 trillion in assets—alongside record results from Goldman Sachs, Morgan Stanley, and major banks reinforced investor confidence in asset managers. A cooler-than-expected June CPI reading (3.5% vs. 3.8% forecast) eased Fed rate-hike fears, providing a constructive tailwind for emerging market dividend strategies, while strong Chinese export data offered additional support for EM-focused funds.

1.4271

June 30, 2026Cullen Emerging Markets High Dividend Fund edged lower in pre-market trading, slipping from its previous close amid a cautious start to the final session of the first half. The fund, which targets high-dividend emerging market equities, faces headwinds from a complex macro backdrop: U.S.-Iran peace talks remain fragile ahead of Doha negotiations, headline inflation has hit 4.1% — its highest since April 2023 — and markets are repricing Fed policy under new chair Kevin Warsh with a ~30% probability of a rate hike. Meanwhile, the Financial Services sector ETF (XLF) is also mildly lower in pre-market, while the broader S&P 500 futures point modestly higher as tech rebounds and Chinese manufacturing PMI came in slightly above expectations at 50.3 for June, offering a modest positive signal for emerging market sentiment.

-0.6237

June 26, 2026Cullen Emerging Markets High Dividend Fund closed modestly lower, pressured by a broader risk-off environment as global technology stocks extended their AI-driven selloff — with Asian chipmakers like Samsung and SK Hynix falling sharply and the S&P 500 finishing the week under pressure. Emerging markets funds faced additional headwinds from a hawkish Federal Reserve under new chair Kevin Warsh, whose dot plot signaled potential rate hikes rather than cuts, while the XLF financial sector ETF also declined on the day amid broad market weakness.

-1.2827

June 22, 2026Cullen Emerging Markets High Dividend Fund closed unchanged as a compelling macro backdrop emerged for emerging market equities. For the first time since April 2022, companies in the MSCI EM Index are beating annual profit estimates, with Asian tech firms, Indian oil refiners, and Brazilian utilities all contributing to the earnings outperformance. Meanwhile, easing U.S.-Iran tensions and declining oil prices are reducing inflationary pressures globally, while the broader S&P 500 held near record highs — a supportive environment for EM dividend-focused strategies.

Peers

S&P 500SPX · $7,457.69-1.01%American Century One Choice 2045 Portfolio - I ClassAOOIX · $18.84-0.53%American Century Investments One Choice 2030 PortfolioARCVX · $12.82-0.31%American Century One Choice 2045 Portfolio Investor ClassAROIX · $18.80-0.53%American Century One Choice 2035 Portfolio Investor ClassARYIX · $16.92-0.41%Columbia Capital Allocation Aggressive Portfolio Institutional 3 ClassCPDIX · $14.00-0.71%NYLI Epoch U.S. Equity Yield Fund Class AEPLPX · $25.79-0.39%Hennessy Cornerstone Mid Cap 30 Fd Inv ClHFMDX · $26.36-0.90%Transamerica Multi-Managed Balanced ITBLIX · $37.46-0.64%American Century Emerging Markets Investor ClassTWMIX · $18.07-1.69%