Shares of Mexico Equity & Income Fund Inc. (NYSE:MXE – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.01 and traded as low as $8.00. Mexico Equity & Income Fund shares last traded at $8.11, with a volume of 9,781 shares changing hands.
Mexico Equity & Income Fund Stock Performance
The firm’s 50 day simple moving average is $8.48 and its 200-day simple moving average is $8.99.
Mexico Equity & Income Fund Cuts Dividend
The business also recently announced an annual dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2981 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 23rd.
About Mexico Equity & Income Fund
Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.
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