Mexico Fund Inc. (MXF) Declares Quarterly Dividend of $0.13
Mexico Fund Inc. (NYSE:MXF) announced a quarterly dividend on Tuesday, December 5th, Wall Street Journal reports. Investors of record on Thursday, January 18th will be paid a dividend of 0.13 per share by the investment management company on Friday, January 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, January 17th.
Mexico Fund has decreased its dividend by an average of 21.5% per year over the last three years.
Shares of Mexico Fund (MXF) remained flat at $$15.84 during mid-day trading on Tuesday. The company’s stock had a trading volume of 44,300 shares, compared to its average volume of 63,177. Mexico Fund has a 1-year low of $13.28 and a 1-year high of $18.24.
The Mexico Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. It may invest in Mexican fixed-income securities and bank time deposits of Mexican banks, all of which are peso-denominated and may be dollar-linked.
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