The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Free Report) President Erik Mervin Herzfeld bought 95,999 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $2.60 per share, with a total value of $249,597.40. Following the acquisition, the president now directly owns 584,930 shares of the company’s stock, valued at approximately $1,520,818. The trade was a 19.63 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
The Herzfeld Caribbean Basin Fund Trading Down 0.4 %
CUBA stock opened at $2.62 on Friday. The company has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $2.40. The Herzfeld Caribbean Basin Fund Inc. has a 1 year low of $2.15 and a 1 year high of $2.95.
The Herzfeld Caribbean Basin Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.2325 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14. This represents a $0.93 annualized dividend and a dividend yield of 35.50%.
Institutional Inflows and Outflows
About The Herzfeld Caribbean Basin Fund
The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.
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