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. It primarily invests in stocks of small and mid cap companies. The fund benchmarks the performance of its portfolio against the Midcap Market Performance Index. The New Germany Fund Inc. was formed on January 16, 1990 and is domiciled in Germany.
New Germany Fund Dividend Announcement
• New Germany Fund announced a semi annually dividend of $0.02 per ordinary share which will be made payable on 2024-06-04. Ex dividend date: 2024-05-23
• New Germany Fund annual dividend for 2024 was $0.02
• New Germany Fund annual dividend for 2023 was $0.07
• New Germany Fund's trailing twelve-month (TTM) dividend yield is 0.95%
• New Germany Fund's dividend growth over the last five years (2018-2023) was -54.42% year
• New Germany Fund's dividend growth over the last ten years (2013-2023) was -34.01% year
New Germany Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-23 | $0.02 | semi annually | 2024-06-04 |
2023-12-28 | $0.06 | semi annually | 2024-01-26 |
2023-05-12 | $0.01 | semi annually | 2023-05-31 |
2022-12-29 | $0.04 | semi annually | 2023-01-27 |
2022-05-13 | $0.72 | semi annually | 2022-06-24 |
2021-12-29 | $4.92 | semi annually | 2022-01-28 |
2021-05-14 | $0.93 | semi annually | 2021-06-25 |
2020-05-15 | $0.34 | semi annually | 2020-06-26 |
2019-12-27 | $0.20 | semi annually | 2020-01-30 |
2019-05-17 | $0.30 | semi annually | 2019-06-28 |
2018-12-28 | $2.85 | semi annually | 2019-01-30 |
2018-05-18 | $0.71 | semi annually | 2018-06-26 |
2017-12-28 | $0.74 | semi annually | 2018-01-26 |
2016-12-28 | $0.80 | semi annually | 2017-01-27 |
2015-05-14 | $0.08 | semi annually | 2015-06-19 |
2014-12-29 | $0.37 | semi annually | 2015-01-28 |
2014-05-15 | $0.80 | semi annually | 2014-06-20 |
2013-12-27 | $4.48 | semi annually | 2014-01-31 |
New Germany Fund Dividend per year
New Germany Fund Dividend growth
New Germany Fund Dividend Yield
New Germany Fund current trailing twelve-month (TTM) dividend yield is 0.95%. Interested in purchasing New Germany Fund stock? Use our calculator to estimate your expected dividend yield:
New Germany Fund Financial Ratios
New Germany Fund Dividend FAQ
Other factors to consider when evaluating New Germany Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: New Germany Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, New Germany Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, New Germany Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from New Germany Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: New Germany Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, New Germany Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: New Germany Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of New Germany Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review New Germany Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.