The Mexico Fund, Inc. Plans Quarterly Dividend of $0.22 (NYSE:MXF)

The Mexico Fund, Inc. (NYSE:MXF) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.22 per share by the investment management company on Thursday, January 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Wednesday, January 22nd.

The Mexico Fund has increased its dividend payment by an average of 23.0% per year over the last three years.

The Mexico Fund Stock Down 0.4 %

Shares of MXF stock opened at $13.80 on Wednesday. The Mexico Fund has a 52 week low of $12.99 and a 52 week high of $19.69. The company has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $15.09.

Insider Transactions at The Mexico Fund

In other The Mexico Fund news, Director Claudia Janez purchased 2,576 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $15.46 per share, for a total transaction of $39,824.96. Following the purchase, the director now owns 2,576 shares in the company, valued at approximately $39,824.96. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is owned by corporate insiders.

The Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.