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

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Investors 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 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 traded down $0.23 during trading hours on Monday, hitting $13.86. 38,297 shares of the stock were exchanged, compared to its average volume of 46,467. The stock has a 50-day moving average of $14.03 and a 200 day moving average of $15.09. The Mexico Fund has a 12-month low of $12.99 and a 12-month high of $19.69.

Insider Buying and Selling

In related news, Director Claudia Janez purchased 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, for a total transaction of $39,824.96. Following the transaction, the director now owns 2,576 shares in the company, valued at approximately $39,824.96. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.69% of the stock is currently owned by corporate insiders.

The Mexico Fund Company Profile

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.