The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Plans Dividend Increase – $0.23 Per Share

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) declared a quarterly dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.2325 per share by the investment management company on Monday, January 13th. This represents a $0.93 dividend on an annualized basis and a yield of 37.20%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

The Herzfeld Caribbean Basin Fund Stock Up 1.6 %

CUBA stock traded up $0.04 during trading on Monday, reaching $2.50. 36,289 shares of the company were exchanged, compared to its average volume of 54,883. The Herzfeld Caribbean Basin Fund has a 52-week low of $2.15 and a 52-week high of $2.98. The stock’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.35.

About The Herzfeld Caribbean Basin Fund

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.