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

The Mexico Fund, Inc. (NYSE:MXF) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.22 per share by the investment management company on Thursday, January 30th. This represents a $0.88 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Wednesday, January 22nd.

The Mexico Fund has increased its dividend by an average of 23.0% annually over the last three years.

The Mexico Fund Trading Down 1.6 %

NYSE MXF opened at $13.86 on Tuesday. The firm’s 50 day simple moving average is $14.03 and its 200 day simple moving average is $15.09. The Mexico Fund has a 1 year low of $12.99 and a 1 year high of $19.69.

Insider Activity

In related news, Director Claudia Janez purchased 2,576 shares of The Mexico Fund stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $15.46 per share, for a total transaction of $39,824.96. Following the purchase, the director now owns 2,576 shares in the company, valued at approximately $39,824.96. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.