The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) Announces $0.17 Quarterly Dividend

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA – Get Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Shareholders of record on Monday, August 22nd will be given a dividend of 0.174 per share by the investment management company on Friday, September 30th. This represents a $0.70 dividend on an annualized basis and a yield of 15.82%. The ex-dividend date of this dividend is Friday, August 19th.

The Herzfeld Caribbean Basin Fund has raised its dividend by an average of 40.2% annually over the last three years and has raised its dividend every year for the last 1 years.

The Herzfeld Caribbean Basin Fund Stock Down 0.2 %

CUBA opened at $4.40 on Friday. The stock’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $4.81. The Herzfeld Caribbean Basin Fund has a 12-month low of $3.81 and a 12-month high of $6.40.

The Herzfeld Caribbean Basin Fund Company Profile

(Get Rating)

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.