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Alberto Osorio, President and CEO of Mexico Fund Inc. (NYSE:MXF), lately bought 15,000 shares of the corporate’s widespread inventory. The transaction, which befell on January 22, 2025, was executed at a value of $13.5346 per share, amounting to a complete funding of roughly $203,019. The acquisition comes because the inventory trades close to its 52-week low of $12.99, in response to InvestingPro information, with the corporate presently commanding a market capitalization of $204 million. Following this acquisition, Osorio holds 115,195 shares not directly by means of Impulsora Del Fondo Mexico, S.C., and 9,903 shares immediately. This transfer displays Osorio’s important stake within the firm, reinforcing his confidence in Mexico Fund’s future prospects. The fund maintains a notable 6.5% dividend yield and has maintained dividend funds for 38 consecutive years. InvestingPro subscribers can entry 6 extra key insights about Mexico Fund’s monetary well being and market place.
In different current information, The Mexico Fund Inc. has been diligently offering transparency to traders by means of its common month-to-month abstract studies. The corporate lately submitted its December 2024, November 2024, and October 2024 studies to the Securities and Alternate Fee (SEC) as a part of regulatory necessities. These studies, ready by the Fund’s Funding Adviser, supply insights into the fund’s funding actions and monetary standing.
The Mexico Fund Inc. has maintained a big dividend yield, reporting 6.43% in December and 6.33% in November. This consistency in dividend funds, which have been upheld for 38 consecutive years, is a beautiful characteristic for income-focused traders.
Analyst notes from InvestingPro point out that the Fund maintains robust liquidity, with a present ratio of 5.71. Furthermore, the corporate has proven a powerful dedication to regulatory compliance and transparency, as evidenced by the signature of the Treasurer, Tofi Dayan, on these studies.
These current developments underline The Mexico Fund Inc.’s dedication to offering well timed and correct data to its traders, making certain they continue to be knowledgeable about its funding actions. The corporate’s dedication to regulatory compliance and transparency is a testomony to its dedication to sustaining open communication with its traders and stakeholders.
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