The Mexico Fund, Inc. (MXF) to Issue Quarterly Dividend of $0.22 on July 25th

The Mexico Fund, Inc. (NYSE:MXF) declared a quarterly dividend on Friday, June 7th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Wednesday, July 17th.

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

The Mexico Fund Price Performance

Shares of MXF opened at $17.26 on Monday. The firm has a fifty day moving average of $17.07 and a 200-day moving average of $18.02. The Mexico Fund has a 1 year low of $14.77 and a 1 year high of $19.69.

Insider Activity at The Mexico Fund

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

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.