Mexico Fund, Inc. (NYSE:MXF) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.05 and last traded at $13.11, with a volume of 1500 shares traded. The stock had previously closed at $13.59.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Wednesday, October 17th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.33%. This is an increase from Mexico Fund’s previous quarterly dividend of $0.15.
In other news, insider Alberto Osorio acquired 8,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $13.66 per share, with a total value of $109,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.04% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of MXF. Guggenheim Capital LLC grew its position in shares of Mexico Fund by 26.1% in the 1st quarter. Guggenheim Capital LLC now owns 19,645 shares of the investment management company’s stock worth $319,000 after buying an additional 4,070 shares during the last quarter. 6 Meridian grew its position in shares of Mexico Fund by 15.5% in the 2nd quarter. 6 Meridian now owns 24,093 shares of the investment management company’s stock worth $365,000 after buying an additional 3,240 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Mexico Fund by 30.0% in the 2nd quarter. Wells Fargo & Company MN now owns 815,312 shares of the investment management company’s stock worth $12,344,000 after buying an additional 188,120 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in shares of Mexico Fund by 25.2% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 2,767,315 shares of the investment management company’s stock worth $41,911,000 after buying an additional 556,595 shares during the last quarter. 32.80% of the stock is currently owned by hedge funds and other institutional investors.
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About Mexico Fund (NYSE:MXF)
There is no company description available for Mexico Fund, Inc
Further Reading: Fundamental Analysis and Individual Investors
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