Mexico Equity and Income Fund (NYSE:MXE) announced an annual dividend on Monday, December 11th, Wall Street Journal reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.048 per share by the investment management company on Thursday, December 28th. This represents a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 18th.

Mexico Equity and Income Fund (NYSE MXE) opened at $10.48 on Tuesday. Mexico Equity and Income Fund has a 12-month low of $8.69 and a 12-month high of $12.22.

In other news, major shareholder City Of London Investment Grou acquired 4,800 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of $10.65 per share, for a total transaction of $51,120.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.61% of the stock is owned by company insiders.

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About Mexico Equity and Income Fund

The Mexico Equity and Income Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.

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