Mexico Fund, Inc. (The) (MXF) to Issue Quarterly Dividend of $0.35 on October 29th

Mexico Fund, Inc. (The) (NYSE:MXF) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, October 21st will be given a dividend of 0.35 per share by the investment management company on Thursday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Wednesday, October 21st.

Mexico Fund Trading Up 1.1%

Shares of MXF opened at $21.75 on Thursday. Mexico Fund has a 52 week low of $17.99 and a 52 week high of $23.00. The firm’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $21.59.

Insider Transactions at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 2,952 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $21.41 per share, with a total value of $63,202.32. Following the acquisition, the insider directly owned 2,303,716 shares in the company, valued at $49,322,559.56. This represents a 0.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 91,857 shares of company stock valued at $2,010,033. Insiders own 2.69% of the company’s stock.

Institutional Investors Weigh In On Mexico Fund

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in Mexico Fund during the second quarter worth about $33,000. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,735 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Mexico Fund during the second quarter worth approximately $215,000. Evolve Private Wealth LLC bought a new position in shares of Mexico Fund during the second quarter worth approximately $278,000. Finally, Calamos Advisors LLC raised its position in shares of Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after buying an additional 2,535 shares in the last quarter.

About Mexico Fund

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.