Mexico Equity & Income Fund Inc. (NYSE:MXE) Announces Annual Dividend of $0.30

Mexico Equity & Income Fund Inc. (NYSE:MXE) declared an annual dividend on Friday, December 13th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.2981 per share by the investment management company on Tuesday, December 31st. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 23rd.

Mexico Equity & Income Fund Price Performance

Shares of Mexico Equity & Income Fund stock traded up $0.06 during trading hours on Friday, reaching $8.70. 7,872 shares of the company’s stock were exchanged, compared to its average volume of 8,499. The business has a fifty day moving average of $8.78 and a two-hundred day moving average of $9.22. Mexico Equity & Income Fund has a 1 year low of $8.26 and a 1 year high of $11.63.

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.