The New Germany Fund, Inc. Plans Semi-annual Dividend of $0.02 (NYSE:GF)

The New Germany Fund, Inc. (NYSE:GF) declared a semi-annual dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Tuesday, May 27th will be given a dividend of 0.0185 per share by the investment management company on Friday, June 6th. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, May 27th.

The New Germany Fund has decreased its dividend payment by an average of 4.2% per year over the last three years.

The New Germany Fund Price Performance

NYSE:GF opened at $11.16 on Friday. The New Germany Fund has a 1-year low of $7.74 and a 1-year high of $11.40. The firm has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $9.10.

Hedge Funds Weigh In On The New Germany Fund

An institutional investor recently raised its position in The New Germany Fund stock. Royal Bank of Canada lifted its position in The New Germany Fund, Inc. (NYSE:GF) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,573 shares of the investment management company’s stock after buying an additional 1,018 shares during the quarter. Royal Bank of Canada’s holdings in The New Germany Fund were worth $918,000 as of its most recent SEC filing.

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.