The New Germany Fund, Inc. (NYSE:GF – Get Free Report) declared 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 dividend yield of 257.0%. The ex-dividend date 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 Performance
GF stock opened at $11.98 on Tuesday. The New Germany Fund has a 52-week low of $9.98 and a 52-week high of $12.82. The company’s 50 day simple moving average is $11.18 and its 200-day simple moving average is $11.37.
About The New Germany Fund
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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