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

The New Germany Fund, Inc. (NYSE:GF) declared a semi-annual dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders 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 dividend yield of 1%. The ex-dividend date of this dividend 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 0.6 %

Shares of The New Germany Fund stock traded down $0.05 during trading hours on Thursday, hitting $7.99. 21,440 shares of the company’s stock traded hands, compared to its average volume of 33,668. The New Germany Fund has a 12-month low of $7.90 and a 12-month high of $8.99. The company has a fifty day simple moving average of $8.37 and a 200-day simple moving average of $8.41.

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.