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Alberto Osorio, President and CEO of Mexico Fund Inc. (NYSE:MXF), recently purchased 15,000 shares of the company's common stock. The transaction, which took place on January 22, 2025, was executed at a price of $13.5346 per share, amounting to a total investment of approximately $203,019. The purchase comes as the stock trades near its 52-week low of $12.99, according to InvestingPro data, with the company currently commanding a market capitalization of $204 million. Following this acquisition, Osorio holds 115,195 shares indirectly through Impulsora Del Fondo Mexico, S.C., and 9,903 shares directly. This move reflects Osorio's significant stake in the company, reinforcing his confidence in Mexico Fund's future prospects. The fund maintains a notable 6.5% dividend yield and has maintained dividend payments for 38 consecutive years. InvestingPro subscribers can access 6 additional key insights about Mexico Fund's financial health and market position.
In other recent news, The Mexico Fund Inc. has been diligently providing transparency to investors through its regular monthly summary reports. The company recently submitted its December 2024, November 2024, and October 2024 reports to the Securities and Exchange Commission (SEC) as part of regulatory requirements. These reports, prepared by the Fund's Investment Adviser, offer insights into the fund's investment activities and financial status.
The Mexico Fund Inc. has maintained a significant dividend yield, reporting 6.43% in December and 6.33% in November. This consistency in dividend payments, which have been upheld for 38 consecutive years, is an attractive feature for income-focused investors.
Analyst notes from InvestingPro indicate that the Fund maintains strong liquidity, with a current ratio of 5.71. Moreover, the company has shown a strong commitment to regulatory compliance and transparency, as evidenced by the signature of the Treasurer, Tofi Dayan, on these reports.
These recent developments underline The Mexico Fund Inc.'s dedication to providing timely and accurate information to its investors, ensuring they remain informed about its investment activities. The company's commitment to regulatory compliance and transparency is a testament to its dedication to maintaining open communication with its investors and stakeholders.
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