Mexico Fund, Inc. (The) (MXF) to Issue Quarterly Dividend of $0.35 on July 30th

Mexico Fund, Inc. (The) (NYSE:MXF) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, July 22nd will be given a dividend of 0.35 per share by the investment management company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Wednesday, July 22nd.

Mexico Fund Price Performance

Shares of NYSE:MXF opened at $21.49 on Monday. Mexico Fund has a 12 month low of $16.57 and a 12 month high of $23.00. The company’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $21.55.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average price of $21.83 per share, for a total transaction of $2,183,000.00. Following the completion of the acquisition, the insider directly owned 1,884,830 shares in the company, valued at approximately $41,145,838.90. The trade was a 5.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 481,159 shares of company stock worth $10,538,568 over the last quarter. Corporate insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. boosted its stake in shares of Mexico Fund by 4.3% in the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Mexico Fund by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after acquiring an additional 27,983 shares during the last quarter. Altium Capital Management LLC raised its position in shares of Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after acquiring an additional 79,898 shares during the last quarter. North Ground Capital lifted its stake in shares of Mexico Fund by 309.2% in the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock valued at $2,544,000 after purchasing an additional 95,443 shares during the period. Finally, Uhlmann Price Securities LLC lifted its stake in shares of Mexico Fund by 1.9% in the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after purchasing an additional 2,013 shares during the period.

Mexico Fund Company Profile

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.