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

The New Germany Fund, Inc. (NYSE:GF) announced a semi-annual dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders 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 yield of 1%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from The New Germany Fund’s previous semi-annual dividend of $0.02.

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

The New Germany Fund Trading Down 0.6 %

The New Germany Fund stock traded down $0.05 during midday trading on Thursday, reaching $7.99. 21,440 shares of the company were exchanged, compared to its average volume of 33,667. The firm’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $8.41. The New Germany Fund has a 1 year low of $7.90 and a 1 year high of $8.99.

The New Germany Fund Company Profile

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.