The Herzfeld Caribbean Basin Fund Inc. (CUBA) to Issue Quarterly Dividend of $0.23 on January 13th

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) announced a quarterly dividend on Friday, December 20th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given 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 yield of 36.90%. The ex-dividend date is Tuesday, December 31st. This is an increase from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

The Herzfeld Caribbean Basin Fund Stock Performance

Shares of CUBA stock traded down $0.03 during trading on Friday, hitting $2.52. The company’s stock had a trading volume of 34,045 shares, compared to its average volume of 54,817. The business has a fifty day moving average of $2.46 and a 200-day moving average of $2.36. The Herzfeld Caribbean Basin Fund has a 52 week low of $2.15 and a 52 week high of $2.95.

The Herzfeld Caribbean Basin Fund Company Profile

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.