Mexico Equity & Income Fund (NYSE:MXE) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.93 and traded as low as $7.97. Mexico Equity & Income Fund shares last traded at $8.03, with a volume of 19,273 shares traded.

Mexico Equity & Income Fund Trading Up 1.2 %

The stock has a fifty day moving average of $8.38 and a 200-day moving average of $8.92.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2981 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 3.5%.

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.