Mexico Fund, Inc. (The) (NYSE:MXF) Increases Dividend to $0.35 Per Share

Mexico Fund, Inc. (The) (NYSE:MXF) announced a quarterly dividend on Thursday, December 11th. Investors of record on Wednesday, January 21st will be paid a dividend of 0.35 per share by the investment management company on Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Wednesday, January 21st. This is a 40.0% increase from Mexico Fund’s previous quarterly dividend of $0.25.

Mexico Fund Stock Performance

NYSE:MXF opened at $20.20 on Friday. The business has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $18.31. Mexico Fund has a 12-month low of $13.10 and a 12-month high of $20.30.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 47,273 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $19.15 per share, for a total transaction of $905,277.95. Following the completion of the transaction, the insider owned 1,597,698 shares of the company’s stock, valued at approximately $30,595,916.70. The trade was a 3.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 95,445 shares of company stock worth $1,837,131 over the last three months. Insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. grew its position in Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after purchasing an additional 305,864 shares during the last quarter. SFI Advisors LLC boosted its position in shares of Mexico Fund by 342.4% during the first quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock worth $1,876,000 after buying an additional 102,015 shares during the period. North Ground Capital acquired a new position in shares of Mexico Fund during the third quarter worth approximately $608,000. Almitas Capital LLC grew its holdings in Mexico Fund by 8.3% in the 1st quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock worth $4,899,000 after buying an additional 26,418 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in Mexico Fund by 34.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company’s stock valued at $1,050,000 after acquiring an additional 19,109 shares during the period.

Mexico Fund Company Profile

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.