The New Germany Fund, Inc. (NYSE:GF) Raises Dividend to $0.05 Per Share

The New Germany Fund, Inc. (NYSE:GF) declared a semi-annual dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.0482 per share by the investment management company on Friday, January 31st. This represents a yield of 1%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from The New Germany Fund’s previous semi-annual dividend of $0.02.

The New Germany Fund has decreased its dividend payment by an average of 51.1% annually over the last three years.

The New Germany Fund Price Performance

Shares of GF traded down $0.05 during trading hours on Thursday, hitting $7.99. The company had a trading volume of 21,440 shares, compared to its average volume of 33,668. The firm has a fifty day moving average price of $8.37 and a 200-day moving average price of $8.41. The New Germany Fund has a 52-week low of $7.90 and a 52-week high of $8.99.

About The New Germany Fund

The New Germany Fund Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors.