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Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired additional shares of the fund’s common stock. On March 12 and 13, Herzfeld purchased a total of 8,549 shares, with the transactions valued at approximately $22,591. The shares were acquired at prices ranging from $2.61 to $2.6482 per share, close to the current trading price of $2.65. The fund, which has maintained dividend payments for 14 consecutive years, currently offers an attractive 17.55% dividend yield. Following these transactions, Herzfeld’s direct ownership in the fund amounts to 1,565,562 shares. The fund has shown strong momentum, with a 30% price return over the past six months. InvestingPro analysis reveals additional insights about the fund’s performance and dividend sustainability, with 6 more key investment tips available to subscribers.
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