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MIAMI BEACH—Brigitta Suzanne Herzfeld, a director at Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired 1,721 shares of the company’s common stock. The purchase, which took place on March 6, amounted to a total value of $44,477, with each share priced at approximately $25.844. The fund, which currently offers a substantial 17.78% dividend yield, has demonstrated strong momentum with a 28.93% return over the past six months, according to InvestingPro data.
Following this transaction, Herzfeld’s direct ownership in the fund has increased to 113,049 shares. The acquisition reflects her ongoing involvement and investment in the fund, which focuses on companies that may benefit from the economic development of the Caribbean Basin. 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. InvestingPro subscribers can access 5 additional investment tips for CUBA.
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