Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) announced an annual dividend on Wednesday, November 28th, Wall Street Journal reports. Investors of record on Friday, December 7th will be paid a dividend of 0.305 per share by the investment management company on Friday, December 28th. This represents a yield of 5.24%. The ex-dividend date of this dividend is Thursday, December 6th. This is an increase from Herzfeld Caribbean Basin Fund’s previous annual dividend of $0.12.
Herzfeld Caribbean Basin Fund has decreased its dividend by an average of 53.0% annually over the last three years.
NASDAQ CUBA traded down $0.36 during mid-day trading on Wednesday, reaching $5.79. 15,671 shares of the stock were exchanged, compared to its average volume of 12,255. Herzfeld Caribbean Basin Fund has a 1-year low of $5.39 and a 1-year high of $7.54.
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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.
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