Mexico Equity & Income Fund Inc. (NYSE:MXE) to Issue Annual Dividend of $0.30

Mexico Equity & Income Fund Inc. (NYSE:MXE) announced an annual dividend on Friday, December 13th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be given a dividend of 0.2981 per share by the investment management company on Tuesday, December 31st. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 23rd.

Mexico Equity & Income Fund Stock Performance

NYSE:MXE traded up $0.06 on Friday, hitting $8.70. The stock had a trading volume of 7,872 shares, compared to its average volume of 8,499. The company has a fifty day moving average price of $8.78 and a two-hundred day moving average price of $9.22. Mexico Equity & Income Fund has a 1-year low of $8.26 and a 1-year high of $11.63.

About Mexico Equity & 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.