The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Increases Dividend to $0.23 Per Share

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) declared a quarterly dividend on Friday, December 20th,Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 36.90%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

The Herzfeld Caribbean Basin Fund Stock Performance

The Herzfeld Caribbean Basin Fund stock opened at $2.52 on Friday. The business has a 50 day simple moving average of $2.46 and a 200-day simple moving average of $2.36. The Herzfeld Caribbean Basin Fund has a 12 month low of $2.15 and a 12 month high of $2.95.

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.