Mexico Fund, Inc. (The) (NYSE:MXF) Announces Quarterly Dividend of $0.35

Mexico Fund, Inc. (The) (NYSE:MXF) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, October 21st will be given a dividend of 0.35 per share by the investment management company on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, October 21st.

Mexico Fund Stock Up 0.1%

Shares of Mexico Fund stock traded up $0.03 during trading on Tuesday, reaching $21.63. 32,303 shares of the company traded hands, compared to its average volume of 54,064. Mexico Fund has a 1-year low of $17.99 and a 1-year high of $23.00. The company has a 50 day moving average price of $21.64 and a 200-day moving average price of $21.60.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 2,952 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $21.41 per share, with a total value of $63,202.32. Following the purchase, the insider owned 2,303,716 shares in the company, valued at $49,322,559.56. This represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 108,055 shares of company stock valued at $2,357,583. Insiders own 2.69% of the company’s stock.

Institutional Investors Weigh In On Mexico Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Altium Capital Management LLC boosted its position in shares of Mexico Fund by 165.5% during the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after buying an additional 79,898 shares during the last quarter. Saba Capital Management L.P. increased its stake in 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 buying an additional 73,032 shares during the last quarter. North Ground Capital bought a new position in shares of Mexico Fund during the 2nd quarter worth approximately $2,981,931. Public Employees Retirement System of Ohio bought a new position in shares of Mexico Fund during the 2nd quarter worth approximately $2,266,000. Finally, Almitas Capital LLC purchased a new position in shares of Mexico Fund in the 2nd quarter worth approximately $3,736,000.

About Mexico Fund

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.