The Herzfeld Caribbean Basin Fund, Inc. (CUBA) Director Thomas J. Herzfeld Purchases 16,620 Shares
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) Director Thomas J. Herzfeld bought 16,620 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $7.04 per share, with a total value of $117,004.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ CUBA) traded down $0.05 during trading hours on Friday, hitting $7.10. 17,141 shares of the company were exchanged, compared to its average volume of 25,355. The Herzfeld Caribbean Basin Fund, Inc. has a 12-month low of $6.40 and a 12-month high of $7.46.
The business also recently announced an annual dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a dividend yield of 1.68%.
The Herzfeld Caribbean Basin Fund Company Profile
The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, Caribbean Basin Companies).
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