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

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% annually over the last three years.

The New Germany Fund Stock Performance

GF stock traded up $0.10 during mid-day trading on Monday, hitting $10.99. The company had a trading volume of 62,598 shares, compared to its average volume of 35,574. The New Germany Fund has a 12 month low of $7.74 and a 12 month high of $11.00. The stock’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $9.01.

Institutional Trading of The New Germany Fund

An institutional investor recently raised its position in The New Germany Fund stock. Royal Bank of Canada boosted its position in shares of The New Germany Fund, Inc. (NYSE:GF) by 1.1% in the 1st quarter, according to the company in 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 acquiring an additional 1,018 shares during the period. 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.