US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently purchased additional shares of the fund’s common stock. According to a recent SEC filing, Herzfeld acquired 3,563 shares on March 6, 2025, at an average price of $2.5897 per share. This transaction amounted to a total value of $9,227. Following this acquisition, Herzfeld’s direct ownership in the fund increased to 1,553,444 shares. The timing appears favorable, as InvestingPro data shows the fund has delivered a 29% return over the past six months and maintains a notable 17.8% dividend yield. The purchase reflects ongoing confidence in the fund, which focuses on investments in the Caribbean region. With a market capitalization of $40.4 million and a P/E ratio of 12.36, the fund has maintained dividend payments for 14 consecutive years. For more detailed analysis and additional insights, InvestingPro subscribers can access 8 more key tips about CUBA’s performance and outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.