The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as low as $2.35. The Herzfeld Caribbean Basin Fund shares last traded at $2.37, with a volume of 51,701 shares traded.
The Herzfeld Caribbean Basin Fund Trading Up 0.5 %
The stock has a fifty day moving average of $2.64 and a 200 day moving average of $2.70.
The Herzfeld Caribbean Basin Fund Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, March 27th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 22.78%. The ex-dividend date of this dividend is Tuesday, March 26th.
Hedge Funds 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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