The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Rating)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.32 and traded as high as $4.39. The Herzfeld Caribbean Basin Fund shares last traded at $4.38, with a volume of 7,907 shares trading hands.
The Herzfeld Caribbean Basin Fund Stock Performance
The firm has a 50-day moving average price of $4.32 and a 200-day moving average price of $4.62.
The Herzfeld Caribbean Basin Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, August 22nd will be issued a $0.174 dividend. This represents a $0.70 annualized dividend and a yield of 15.89%. The ex-dividend date is Friday, August 19th.
Institutional Investors Weigh In On The Herzfeld Caribbean Basin Fund
The 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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