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

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

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

The Mexico Fund Stock Performance

The Mexico Fund stock traded down $0.37 during midday trading on Monday, hitting $14.01. 58,265 shares of the stock were exchanged, compared to its average volume of 57,951. The Mexico Fund has a 1 year low of $12.99 and a 1 year high of $19.69. The company has a 50 day moving average price of $13.88 and a two-hundred day moving average price of $14.18.

Insider Transactions at The Mexico Fund

In related news, CEO Alberto Osorio purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the purchase, the chief executive officer now owns 115,195 shares in the company, valued at approximately $1,558,588.35. This represents a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.