CUBA - The Herzfeld Caribbean Basin Fund Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
3.4500
-0.0500 (-1.43%)
As of 1:47PM EDT. Market open.
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Previous Close3.5000
Open3.4700
Bid3.3400 x 900
Ask3.4500 x 800
Day's Range3.2197 - 3.7000
52 Week Range2.2000 - 7.1500
Volume56,549
Avg. Volume32,451
Market Cap21.161M
Beta (5Y Monthly)1.34
PE Ratio (TTM)1.81
EPS (TTM)1.9070
Earnings DateN/A
Forward Dividend & Yield1.14 (32.76%)
Ex-Dividend DateMar 18, 2020
1y Target Est9.75
  • GlobeNewswire

    The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

    The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on June 30, 2019 and payable in quarterly installments). The Fund cannot predict what effect, if any, the Plan will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Plan.

  • GlobeNewswire

    The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

    The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on June 30, 2019 and payable in quarterly installments). The Fund cannot predict what effect, if any, the Plan will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Plan.

  • GlobeNewswire

    The Herzfeld Caribbean Basin Fund, Inc. Affirms its 15% Managed Distribution Policy and Declares Quarterly Distribution of $ 0.284625 Per Share; Reports Results of Stockholder Meeting

    The Herzfeld Caribbean Basin Fund, Inc. (CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund’s managed distribution policy (the “MDP”) and reported the results of its 2019 Annual Meeting of Stockholders. The primary purpose of the MDP is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value (“NAV”) as determined on June 30, 2019 and payable in quarterly installments). The Fund cannot predict what effect, if any, the MDP will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to NAV as compared to prior to the adoption of the MDP.

  • GlobeNewswire

    The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution

    The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on June 30, 2019 and payable in quarterly installments). The Fund cannot predict what effect, if any, the Plan will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Plan.

  • GlobeNewswire

    The Herzfeld Caribbean Basin Fund, Inc. Announces Revisions to Managed Distribution Plan

    Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC registered investment advisor, today announced that the Board of Directors of The Herzfeld Caribbean Basin Fund, Inc. (CUBA) (the “Fund”) has revised the Fund’s Managed Distribution Plan (the “Plan”) announced on May 31, 2019. The Board has revised the Plan to provide for quarterly distributions, rather than monthly, at an annual rate (currently set at 15% of the Fund’s NAV for the fiscal year ending June 30, 2019 payable in quarterly installments), and has determined to implement the Plan without seeking exemptive relief at this time.  The Fund may apply for exemptive relief at a later date to the extent determined necessary or appropriate.

  • MoneyShow

    Closed-End Funds at a Discount

    Most closed end funds ("CEFs") trade at a discount to NAV, and in some cases, at substantial discounts of 15%-20%, explains George Putnam, editor of The Turnaround Letter.

  • GlobeNewswire

    Thomas J. Herzfeld Advisors, Inc. and The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) Announce Measures to Address the Fund’s Trading Discount

    MIAMI BEACH, Fla., May 31, 2019 -- Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC registered investment advisor, today announced that the Board of Directors of The Herzfeld.

  • Benzinga

    Cuba's Economy Is Doing Better, But Still Has A Long Way To Go

    It has been about eight years since Cuba began a series of economic reforms aimed at modernizing and jumpstarting the communist economy. The U.S. first placed an embargo on Cuba back in 1962 in an attempt to place economic pressure on Fidel Castro. The Cuban government estimates that U.S. sanctions cost the nation $1.12 trillion over the next 50 years.