The New Germany Fund, Inc. (NYSE:GF – Get Free Report) announced a semi-annual dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.0482 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th. This is a positive change 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% per year over the last three years.
The New Germany Fund Trading Down 1.1 %
Shares of GF stock opened at $7.91 on Friday. The New Germany Fund has a 1-year low of $7.85 and a 1-year high of $8.99. The firm’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $8.38.
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.
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