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

The Mexico Fund, Inc. (NYSE:MXF) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Investors of record on Tuesday, October 22nd will be given a dividend of 0.22 per share by the investment management company on Wednesday, October 30th. This represents a $0.88 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend 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 %

Shares of MXF opened at $14.84 on Friday. The firm’s 50 day moving average is $15.10 and its 200-day moving average is $16.42. The Mexico Fund has a 12-month low of $14.27 and a 12-month high of $19.69.

Insider Activity

In related news, Director Claudia Janez bought 2,576 shares of The Mexico Fund stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $15.46 per share, with a total value of $39,824.96. Following the completion of the acquisition, the director now directly owns 2,576 shares in the company, valued at approximately $39,824.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.69% of the company’s stock.

About The Mexico Fund

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.