The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) to Issue Quarterly Dividend of $0.23

The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) announced a quarterly dividend on Friday, December 20th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.2325 per share by the investment management company on Monday, January 13th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 36.90%. The ex-dividend date is Tuesday, December 31st. This is a boost from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

The Herzfeld Caribbean Basin Fund Price Performance

NASDAQ CUBA traded down $0.03 on Friday, hitting $2.52. 34,045 shares of the stock traded hands, compared to its average volume of 54,817. The business’s fifty day moving average is $2.46 and its two-hundred day moving average is $2.36. The Herzfeld Caribbean Basin Fund has a 12 month low of $2.15 and a 12 month high of $2.95.

About The Herzfeld Caribbean Basin Fund

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.