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

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

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

The Mexico Fund Trading Down 1.6 %

Shares of NYSE:MXF traded down $0.23 during midday trading on Monday, reaching $13.86. 38,297 shares of the company’s stock traded hands, compared to its average volume of 46,458. The Mexico Fund has a one year low of $12.99 and a one year high of $19.69. The stock has a 50 day moving average of $14.06 and a 200 day moving average of $15.12.

Insider Buying and Selling at The Mexico Fund

In other The Mexico Fund news, Director Claudia Janez acquired 2,576 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $15.46 per share, with a total value of $39,824.96. Following the completion of the acquisition, the director now owns 2,576 shares in the company, valued at $39,824.96. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.