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

Mexico Fund, Inc. (The) (NYSE:MXF) announced a quarterly dividend on Thursday, June 11th. Investors of record on Wednesday, July 22nd will be paid a dividend of 0.35 per share by the investment management company on Thursday, July 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, July 22nd.

Mexico Fund Stock Performance

Shares of NYSE MXF opened at $22.28 on Friday. Mexico Fund has a 52 week low of $16.43 and a 52 week high of $23.00. The business has a 50-day simple moving average of $21.75 and a two-hundred day simple moving average of $21.20.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 100,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $21.83 per share, for a total transaction of $2,183,000.00. Following the purchase, the insider directly owned 1,884,830 shares in the company, valued at $41,145,838.90. This trade represents a 5.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 443,607 shares of company stock valued at $9,691,407. 2.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MXF. Saba Capital Management L.P. boosted its stake in Mexico Fund by 32.4% in the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after purchasing an additional 413,606 shares during the period. Marex Group plc bought a new position in Mexico Fund in the 4th quarter worth about $1,926,000. North Ground Capital boosted its stake in Mexico Fund by 309.2% in the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 95,443 shares during the period. Altium Capital Management LLC boosted its stake in Mexico Fund by 165.5% in the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares during the period. Finally, Alpine Global Management LLC boosted its stake in Mexico Fund by 356.7% in the 4th quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock worth $1,237,000 after purchasing an additional 47,979 shares during the period.

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.