Mexico Equity and Income Fund, Inc. (MXE) to Issue Annual Dividend of $0.23 on December 31st

Mexico Equity and Income Fund, Inc. (NYSE:MXE) declared an annual dividend on Friday, December 5th. Investors of record on Tuesday, December 16th will be given a dividend of 0.2337 per share by the investment management company on Wednesday, December 31st. This represents a yield of 194.0%. The ex-dividend date is Tuesday, December 16th.

Mexico Equity and Income Fund Stock Down 0.1%

MXE stock opened at $12.39 on Friday. The business’s 50-day moving average is $11.75 and its two-hundred day moving average is $11.17. Mexico Equity and Income Fund has a 1 year low of $7.96 and a 1 year high of $12.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexico Equity and Income Fund stock. Signaturefd LLC acquired a new stake in Mexico Equity and Income Fund, Inc. (NYSE:MXE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,488 shares of the investment management company’s stock, valued at approximately $26,000. Signaturefd LLC owned about 0.06% of Mexico Equity and Income Fund at the end of the most recent quarter.

About Mexico Equity and 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.