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

The Mexico Fund, Inc. (NYSE:MXF) declared a quarterly dividend on Friday, June 7th, Zacks reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.22 per share by the investment management company on Thursday, July 25th. This represents a $0.88 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Wednesday, July 17th.

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

The Mexico Fund Stock Up 1.9 %

NYSE MXF opened at $17.26 on Monday. The business has a 50 day simple moving average of $17.07 and a 200 day simple moving average of $18.02. The Mexico Fund has a one year low of $14.77 and a one year high of $19.69.

Insider Transactions at The Mexico Fund

In related news, Director Richard B. Vaughan bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $16.62 per share, for a total transaction of $33,240.00. Following the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at $116,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Richard B. Vaughan bought 4,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average cost of $17.69 per share, with a total value of $70,760.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $88,450. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard B. Vaughan purchased 2,000 shares of The Mexico Fund stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $16.62 per share, with a total value of $33,240.00. Following the transaction, the director now owns 7,000 shares in the company, valued at approximately $116,340. The disclosure for this purchase can be found here. Insiders purchased a total of 7,500 shares of company stock valued at $128,210 in the last quarter. 2.69% of the stock is currently owned by company 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.