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

The Mexico Fund, Inc. (NYSE:MXF) declared a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Tuesday, April 22nd will be given a dividend of 0.22 per share by the investment management company on Wednesday, April 30th. This represents a $0.88 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Tuesday, April 22nd.

The Mexico Fund has increased its dividend by an average of 12.1% annually over the last three years.

The Mexico Fund Stock Performance

MXF stock traded down $0.37 during midday trading on Monday, reaching $14.01. The company had a trading volume of 58,265 shares, compared to its average volume of 57,951. The Mexico Fund has a fifty-two week low of $12.99 and a fifty-two week high of $19.69. The stock has a 50 day moving average price of $13.88 and a 200 day moving average price of $14.18.

Insider Activity at The Mexico Fund

In other The Mexico Fund news, CEO Alberto Osorio bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $13.53 per share, with a total value of $202,950.00. Following the completion of the purchase, the chief executive officer now directly owns 115,195 shares in the company, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.69% of the stock is currently owned by 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.