Mexico Fund, Inc. (The) (NYSE:MXF) to Issue Quarterly Dividend of $0.25

Key Points

• Mexico Fund, Inc. has declared a quarterly dividend of $0.25 per share, with the ex-dividend date set for October 22nd and payment on October 30th, representing an annual yield of 5.3%.
• As of Friday, MXF stock opened at $18.89, with a fifty-two week low of $12.99 and a high of $18.90, indicating stable performance within that range.
• Institutional investors are actively investing in Mexico Fund, with notable acquisitions from firms like Landscape Capital Management and Quantedge Capital, reflecting growing confidence in the fund's performance.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) announced a quarterly dividend on Thursday, September 11th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of 0.25 per share by the investment management company on Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 22nd.

Mexico Fund Stock Up 1.1%

Shares of NYSE:MXF traded up $0.21 on Wednesday, hitting $19.29. The stock had a trading volume of 5,335 shares, compared to its average volume of 59,012. The firm's 50 day moving average price is $17.94 and its 200-day moving average price is $16.46. Mexico Fund has a twelve month low of $12.99 and a twelve month high of $19.44.

Hedge Funds Weigh In On Mexico Fund

Large investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. boosted its holdings in shares of Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company's stock valued at $63,406,000 after buying an additional 305,864 shares during the last quarter. Almitas Capital LLC lifted its holdings in Mexico Fund by 8.3% during the 1st quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company's stock valued at $4,899,000 after purchasing an additional 26,418 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Mexico Fund by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 236,078 shares of the investment management company's stock valued at $3,359,000 after purchasing an additional 90,483 shares during the last quarter. Matisse Capital lifted its holdings in Mexico Fund by 5.1% during the 1st quarter. Matisse Capital now owns 205,000 shares of the investment management company's stock valued at $2,917,000 after purchasing an additional 10,000 shares during the last quarter. Finally, SFI Advisors LLC lifted its holdings in Mexico Fund by 4.6% during the 2nd quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company's stock valued at $2,423,000 after purchasing an additional 6,121 shares during the last quarter.

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.