Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) announced an annual dividend on Monday, November 21st. Stockholders of record on Wednesday, December 7th will be paid a dividend of 0.135 per share by the investment management company on Wednesday, December 28th. This represents a dividend yield of 2.17%. The ex-dividend date is Monday, December 5th.

Shares of Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) opened at 6.72 on Wednesday. Herzfeld Caribbean Basin Fund has a 12 month low of $4.72 and a 12 month high of $8.49. The stock’s 50 day moving average price is $6.26 and its 200-day moving average price is $6.27.

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Separately, Pacific Crest upgraded Herzfeld Caribbean Basin Fund from a “sector weight” rating to an “overweight” rating in a report on Tuesday, August 30th.

About Herzfeld Caribbean Basin Fund

The Herzfeld Caribbean Basin Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, Caribbean Basin Companies).

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