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

The New Germany Fund, Inc. (NYSE:GFGet Free Report) announced a semi-annual dividend on Wednesday, December 18th,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 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% annually over the last three years.

The New Germany Fund Stock Performance

Shares of GF stock opened at $7.99 on Friday. The New Germany Fund has a fifty-two week low of $7.90 and a fifty-two week high of $8.99. The company has a 50 day moving average price of $8.36 and a 200 day moving average price of $8.41.

About The New Germany Fund

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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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Dividend History for The New Germany Fund (NYSE:GF)

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