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Erik Mervin Herzfeld, President and Portfolio Manager of Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired 77,976 shares of the company’s common stock. The transaction, completed on March 6, 2025, was valued at approximately $202,207, with a purchase price of $2.5932 per share. The fund, with a market capitalization of $40.4 million, has shown impressive momentum with a 29% return over the past six months, according to InvestingPro data. Following this acquisition, Herzfeld’s total direct ownership stands at 488,931 shares. This move underscores Herzfeld’s continued confidence in the fund’s prospects, which currently offers a substantial 17.8% dividend yield and has maintained dividend payments for 14 consecutive years. InvestingPro analysis reveals 8 additional key insights about CUBA’s financial health and growth potential.
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