Mexico Equity and Income Fund, Inc. to Issue Annual Dividend of $0.23 (NYSE:MXE)

Mexico Equity and Income Fund, Inc. (NYSE:MXE) announced an annual dividend on Friday, December 5th. Shareholders of record on Tuesday, December 16th will be paid 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 Price Performance

NYSE MXE opened at $12.39 on Friday. Mexico Equity and Income Fund has a fifty-two week low of $7.96 and a fifty-two week high of $12.45. The business has a fifty day moving average of $11.75 and a 200-day moving average of $11.17.

Institutional Trading of Mexico Equity and Income Fund

An institutional investor recently bought a new position in Mexico Equity and Income Fund stock. Signaturefd LLC purchased a new stake in Mexico Equity and Income Fund, Inc. (NYSE:MXE) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 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 as of its most recent filing with the SEC.

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.