The Herzfeld Caribbean Basin Fund Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:CUBA)

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) announced a quarterly dividend on Monday, February 12th, Zacks reports. Shareholders of record on Wednesday, March 27th will be paid a dividend of 0.135 per share by the investment management company on Friday, May 10th. This represents a $0.54 dividend on an annualized basis and a yield of 18.43%. The ex-dividend date is Tuesday, March 26th.

The Herzfeld Caribbean Basin Fund has decreased its dividend by an average of 13.7% per year over the last three years.

The Herzfeld Caribbean Basin Fund Stock Performance

NASDAQ:CUBA opened at $2.93 on Monday. The Herzfeld Caribbean Basin Fund has a one year low of $2.25 and a one year high of $4.14. The business has a fifty day moving average price of $2.67 and a 200-day moving average price of $2.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter worth approximately $32,000. B. Riley Wealth Advisors Inc. purchased a new position in The Herzfeld Caribbean Basin Fund during the first quarter valued at approximately $44,000. International Assets Investment Management LLC purchased a new position in The Herzfeld Caribbean Basin Fund during the fourth quarter valued at approximately $52,000. Cambridge Investment Research Advisors Inc. increased its holdings in The Herzfeld Caribbean Basin Fund by 15.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,267 shares of the investment management company’s stock valued at $83,000 after buying an additional 3,002 shares during the period. Finally, Clough Capital Partners L P increased its holdings in The Herzfeld Caribbean Basin Fund by 53.1% during the first quarter. Clough Capital Partners L P now owns 60,289 shares of the investment management company’s stock valued at $225,000 after buying an additional 20,900 shares during the period. Institutional investors own 15.74% of the company’s stock.

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.