The New Germany Fund, Inc. (NYSE:GF – Get Free Report) announced a dividend on Monday, May 11th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.154 per share by the investment management company on Monday, June 29th. This represents a yield of 257.0%. The ex-dividend date of this dividend is Tuesday, May 26th. This is a 18.6% increase from The New Germany Fund’s previous dividend of $0.13.
The New Germany Fund Stock Down 2.0%
Shares of The New Germany Fund stock opened at $11.75 on Wednesday. The business has a fifty day simple moving average of $11.18 and a two-hundred day simple moving average of $11.37. The New Germany Fund has a 1 year low of $9.98 and a 1 year high of $12.82.
The New Germany Fund Company Profile
The New Germany Fund, Inc (NYSE: GF) is a closed-end management investment company that offers U.S. investors targeted exposure to German equities. The fund seeks long-term total return through a combination of capital appreciation and income by investing primarily in a diversified portfolio of securities tied to the German economy.
The fund’s holdings typically include common stocks of German companies alongside American and European depositary receipts for issuers headquartered in or deriving a substantial portion of their revenues from Germany.
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