Mexico Fund Stock Price, News & Analysis

The Mexico Fund, Inc. (NYSE: MXF) released its fiscal 2022 Annual Report, revealing a 5.55% total return on NAV per share, while its market price experienced a -0.79% return compared to a 5.87% increase in the MSCI Mexico Index. As of October 31, 2022, the Fund's market price was $14.14 with a NAV of $17.62, marking a 19.75% discount. The Fund renewed its Expense Limitation Agreement with a 1.40% cap on ordinary expenses. A distribution of $0.20 per share is scheduled for January 26, 2023.

The Mexico Fund, Inc. (NYSE: MXF) announced an increase in its quarterly distribution from $0.18 to $0.20 per share, an 11.1% rise. This new distribution represents a 5.1% annualized rate based on market price as of November 30, 2022. The distribution, approved by the Board, is for stockholders of record on January 18, 2023, and will be payable on January 26, 2023. Since the implementation of its Managed Distribution Plan (MDP) in September 2008, the Fund has distributed $25.36 per share. The Fund's performance includes a 5.49% average annual return over five years.

The Mexico Fund, Inc. (NYSE: MXF) has renewed its Expense Limitation Agreement (ELA) with Impulsora del Fondo México, S.C. The renewed ELA will maintain a 1.40% ordinary expense ratio for fiscal year 2023, effective from November 1, 2022, to October 31, 2023, provided Fund net assets stay above $260 million. If assets dip below this threshold, Impulsora will ensure a 1.20% ratio in addition to waiving $520,000 in fixed expenses. This agreement aims to support the Fund's long-term performance and benefit stockholders.

The Mexico Fund, Inc. (NYSE: MXF) has declared a cash distribution of $0.18 per share to stockholders, effective October 27, 2022. This payment is based on the Fund's Managed Distribution Plan (MDP) and is distributed to those on record as of October 19, 2022. The distribution will derive from net investment income, net realized short-term, and long-term capital gains. Notably, the Fund's average annual total return for the 5-year period ending September 30, 2022, was 1.51%, while the current annualized distribution rate stands at 3.76%.

The Mexico Fund, Inc. (NYSE: MXF) declared a cash distribution of $0.18 per share for stockholders of record on October 19, 2022, payable on October 27, 2022. The Fund's Managed Distribution Plan (MDP) continues, having distributed a total of $25.18 per share since its inception in September 2008.

Distribution sources for October 2022 include net investment income ($0.1297, 72.06%) and realized capital gains. The Fund's current annualized distribution rate is 3.76%, with a cumulative total return of (6.99)% for the fiscal year.

The Mexico Fund, Inc. (NYSE: MXF) has declared a cash distribution of $0.18 per share on July 28, 2022, payable to shareholders of record as of July 20, 2022. This payment adheres to the Fund’s Managed Distribution Plan. The distribution includes $0.1035 from net investment income (57.5%), $0.0500 from net realized long-term capital gains (27.78%), and $0.0098 as a return of capital (5.44%). For the current fiscal year, the cumulative total return is at (1.15)%, with an average annual total return of 3.67% for the past 5 years.

The Mexico Fund, Inc. (NYSE: MXF) released its fiscal 2022 Semi-Annual Report for the period ended April 30, 2022. The Fund achieved a total return of 2.95% for NAV per share and 3.04% for market price, outperforming the MSCI Mexico Index, which gained 2.84%. As of April 30, the Fund's market price and NAV were $15.06 and $17.57, respectively, reflecting a 14.29% discount. The Fund's expense ratio was 1.38%, below the new cap of 1.40%. Quarterly distributions of $0.18 per share were declared for July 28, 2022.

The Mexico Fund, Inc. (NYSE: MXF) declared a cash distribution of $0.18 per share for stockholders on record as of July 20, 2022, payable on July 28, 2022. This marks a continuation of the Fund's Managed Distribution Policy (MDP), which has paid out a total of $25.00 per share since September 2008. The distribution sources for July 2022 include $0.1035 from net investment income and $0.0500 from net realized long-term capital gains. The current annualized distribution rate is 3.34% with a cumulative total return of 8.87% for the fiscal year.

The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share to stockholders of record as of April 20, 2022, as part of its Managed Distribution Plan. The distribution consists of $0.0626 (34.78%) from net investment income and $0.1174 (65.22%) as a return of capital. The Fund reports an average annual total return of 10.94% over the past five years and a current annualized distribution rate of 2.22%. The current fiscal year began on November 1, 2021.