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

The Mexico Fund, Inc. (NYSE:MXF) declared a quarterly dividend on Friday, March 8th, Zacks reports. Stockholders of record on Wednesday, April 17th will be given a dividend of 0.22 per share by the investment management company on Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, April 16th.

The Mexico Fund has raised its dividend by an average of 23.0% annually over the last three years and has increased its dividend every year for the last 2 years.

The Mexico Fund Stock Performance

MXF stock opened at $18.56 on Monday. The Mexico Fund has a 1 year low of $14.77 and a 1 year high of $19.69. The stock’s fifty day moving average price is $18.70 and its 200-day moving average price is $17.80.

Hedge Funds Weigh In On The Mexico Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its position in The Mexico Fund by 41.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,194 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 643 shares in the last quarter. UBS Group AG lifted its position in The Mexico Fund by 48.0% during the fourth quarter. UBS Group AG now owns 4,478 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 1,453 shares in the last quarter. Bank of America Corp DE purchased a new position in The Mexico Fund during the first quarter valued at $36,000. Wells Fargo & Company MN lifted its position in The Mexico Fund by 64.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,030 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 2,765 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in The Mexico Fund by 28.5% during the first quarter. HighTower Advisors LLC now owns 20,511 shares of the investment management company’s stock valued at $339,000 after purchasing an additional 4,551 shares in the last quarter.

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.