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

by · The Markets Daily

The Mexico Fund, Inc. (NYSE:MXF – Get Free Report) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of 0.22 per share by the investment management company on Wednesday, October 30th. This represents a $0.88 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Tuesday, October 22nd.

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

The Mexico Fund Stock Up 0.5 %

MXF opened at $14.84 on Monday. The Mexico Fund has a 12 month low of $14.27 and a 12 month high of $19.69. The firm’s fifty day simple moving average is $15.10 and its 200 day simple moving average is $16.40.

Insider Buying and Selling at The Mexico Fund

In other news, Director Claudia Janez acquired 2,576 shares of The Mexico Fund stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $15.46 per share, with a total value of $39,824.96. Following the completion of the transaction, the director now directly owns 2,576 shares of the company’s stock, valued at approximately $39,824.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.69% of the company’s stock.

About The Mexico Fund

(Get Free Report)

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.

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