Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.59 and traded as high as $6.65. Herzfeld Caribbean Basin Fund shares last traded at $6.62, with a volume of 1,063 shares traded.
The company has a 50 day moving average of $6.60 and a 200-day moving average of $6.35.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.2846 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $1.14 annualized dividend and a yield of 16.94%.
About Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)
The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.
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