About Mexico Equity and Income Fund (NYSE:MXE)
The Mexico Equity and Income Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund's assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers. The Fund maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. It provides a vehicle to investors wishing to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program. It invests in a range of sectors, including airports, auto parts and equipment, beverages, cable and satellite, chemical products, financial groups, food, real estate services, retail and telecommunication. Pichardo Asset Management, S.A. de C.V. serves as the Fund's investment advisor.
Industry, Sector and Symbol
Industry INVESTMENT FUNDS
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
Return on EquityN/A
Return on AssetsN/A
Mexico Equity and Income Fund (NYSE:MXE) Frequently Asked Questions
What is Mexico Equity and Income Fund's stock symbol?
Mexico Equity and Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "MXE."
How often does Mexico Equity and Income Fund pay dividends? What is the dividend yield for Mexico Equity and Income Fund?
Mexico Equity and Income Fund declared an annual dividend on Monday, December 11th. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.048 per share on Thursday, December 28th. This represents a yield of 0.46%. The ex-dividend date is Monday, December 18th. View Mexico Equity and Income Fund's Dividend History.
Who are some of Mexico Equity and Income Fund's key competitors?
Some companies that are related to Mexico Equity and Income Fund include California First National Bancorp (CFNB), DNB Financial (DNBF), Global Medical REIT (GMRE), Two Rivers Bancorp (TRCB), Ellington Residential Mortgage REIT (EARN), Atlas Financial (AFH), StoneCastle Financial (BANX), Salisbury Bancorp (SAL), Provident Financial (PROV), BayCom (BCML), Garrison Capital (GARS), Bay Banks of Virginia (BAYK), Saratoga Investment (SAR), Special Opportunities Fund (SPE), Capitala Finance (CPTA), CB Financial Services (CBFV), Horizon Technology Finance (HRZN) and Medallion Financial (MFIN).
Who are Mexico Equity and Income Fund's key executives?
Mexico Equity and Income Fund's management team includes the folowing people:
- Phillip F. Goldstein, Independent Chairman of the Board (Age 72)
- Maria Eugenia Pichardo, President, Director (Age 64)
- Arnulfo Rodriguez, Chief Financial Officer (Age 54)
- Gerald Hellerman, Chief Compliance Officer, Director (Age 79)
- Luis Calzada, Secretary (Age 50)
- Richard Abraham, Independent Director (Age 60)
- Rajeev Das, Independent Director (Age 47)
- Glenn Goodstein, Independent Director (Age 53)
Has Mexico Equity and Income Fund been receiving favorable news coverage?
News articles about MXE stock have trended positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mexico Equity and Income Fund earned a news sentiment score of 0.28 on Accern's scale. They also gave press coverage about the investment management company an impact score of 45.11 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Mexico Equity and Income Fund's major shareholders?
Mexico Equity and Income Fund's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
CITY OF LONDON INVESTMENT GROUP PLC
(42.40%), City of London Investment Management Co. Ltd. (40.17%), Lazard Asset Management LLC (6.00%), Thomas J. Herzfeld Advisors Inc. (2.47%), Matisse Capital (1.45%) and Wolverine Asset Management LLC (0.52%). Company insiders that own Mexico Equity and Income Fund stock include City Of London Investment Grou, Phillip Goldstein and Rajeev P Das. View Institutional Ownership Trends for Mexico Equity and Income Fund.
Which major investors are selling Mexico Equity and Income Fund stock?
Which major investors are buying Mexico Equity and Income Fund stock?
MXE stock was purchased by a variety of institutional investors in the last quarter, including Thomas J. Herzfeld Advisors Inc., City of London Investment Management Co. Ltd., Matisse Capital and Wells Fargo & Company MN. Company insiders that have bought Mexico Equity and Income Fund stock in the last two years include City Of London Investment Grou, Phillip Goldstein and Rajeev P Das. View Insider Buying and Selling for Mexico Equity and Income Fund.
How do I buy shares of Mexico Equity and Income Fund?
Shares of MXE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mexico Equity and Income Fund's stock price today?
One share of MXE stock can currently be purchased for approximately $10.76.
How big of a company is Mexico Equity and Income Fund?
Mexico Equity and Income Fund has a market capitalization of $79.90 million.
MarketBeat Community Rating for Mexico Equity and Income Fund (MXE)MarketBeat's community ratings are surveys of what our community members think about Mexico Equity and Income Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Mexico Equity and Income Fund (NYSE:MXE) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Earnings History for Mexico Equity and Income Fund (NYSE:MXE)
No earnings announcements for this company have been tracked by MarketBeat.com
Mexico Equity and Income Fund (NYSE:MXE) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Mexico Equity and Income Fund (NYSE:MXE) Dividend Information
|Most Recent Dividend:||12/28/2017|
|Dividend Growth:||-71.70% (3 Year Average)|
Mexico Equity and Income Fund (NYSE:MXE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Mexico Equity and Income Fund (NYSE MXE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 47.61%
Institutional Ownership Percentage: 53.73%
Mexico Equity and Income Fund (NYSE MXE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/1/2018||City Of London Investment Grou||Major Shareholder||Buy||10,746||$10.81||$116,164.26|| |
|2/12/2018||City Of London Investment Grou||Major Shareholder||Buy||3,172||$10.87||$34,479.64|| |
|2/7/2018||City Of London Investment Grou||Major Shareholder||Buy||2,900||$10.95||$31,755.00|| |
|12/29/2017||City Of London Investment Grou||Major Shareholder||Buy||9,300||$10.21||$94,953.00|| |
|11/29/2017||City Of London Investment Grou||Major Shareholder||Buy||4,908||$10.65||$52,270.20|| |
|11/24/2017||City Of London Investment Grou||Major Shareholder||Buy||4,800||$10.65||$51,120.00|| |
|10/12/2017||City Of London Investment Grou||Major Shareholder||Sell||7,726||$11.20||$86,531.20|| |
|7/24/2017||City Of London Investment Grou||Major Shareholder||Buy||6,614||$11.98||$79,235.72|| |
|6/2/2017||Phillip Goldstein||Director||Buy||3,000||$10.97||$32,910.00||11,100|| |
|5/3/2017||Phillip Goldstein||Director||Buy||100||$11.05||$1,105.00||8,100|| |
|4/19/2017||City Of London Investment Grou||Major Shareholder||Sell||65,431||$11.03||$721,703.93|| |
|4/4/2016||Rajeev P Das||Director||Buy||900||$11.02||$9,918.00|| |
|2/7/2013||Andrew Dakos||Director||Sell||1,600||$15.74||$25,184.00|| |
Mexico Equity and Income Fund (NYSE MXE) News Headlines
Mexico Equity and Income Fund (NYSE:MXE) SEC Filings
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Financials are not available for this stock.
Mexico Equity and Income Fund (NYSE MXE) Stock Chart for Monday, March, 19, 2018