SmarterDividends
GF

The New Germany Fund, Inc.

GF

Financial Services · Asset Management · Stock · semiannual payer

$10.45

Overvalued · -56% Add to Portfolio

Forward Yield

2.72%

Annual Dividend

$0.28

Payout Ratio

4%

5-Yr Growth

-26.2%

Ex-Date

May 26, 2026

Frequency

Semiannual

Key facts about GF's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 22, 2026, The New Germany Fund, Inc. (GF) has a forward dividend yield of 2.72%, based on an annual dividend of $0.28 per share and a share price of $10.45.
  • As of Oct 22, 2026, GF's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, The New Germany Fund, Inc. (GF) has raised its dividend for 2 consecutive years as of Oct 22, 2026.
  • GF last cut its regular dividend in 2025.
  • GF's most recent ex-dividend date was May 26, 2026, for a dividend of $0.15 per share.
  • As of Oct 22, 2026, GF pays out 4% of its trailing 12-month earnings as dividends (its payout ratio).
  • GF's dividend has shrunk at an average rate of 26.2% a year over the past five years.
  • As of Oct 22, 2026, GF's 2.72% yield is 67% below its five-year average yield of 8.19%.
  • As of Oct 22, 2026, SmarterDividends' blended fair-value estimate for GF is $4.60 per share, 56% below the $10.45 share price, so GF screens as overvalued.
  • The New Germany Fund, Inc. (GF) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "GF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 22, 2026, https://smarterdividends.com/stocks/GF

Summary

As of Oct 22, 2026, The New Germany Fund, Inc. (GF) yields 2.72% ($0.28 a year per share), has a dividend safety grade of C (61/100) and has 2 consecutive years of dividend increases on record.

Is GF a good dividend stock?

Yes, with caveats

The New Germany Fund, Inc. (GF) pays a semiannual dividend yielding 2.72% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (4%)

Risks

  • Cut its dividend in 2025
  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.72%
Payout Ratio
4%
Annual Dividend
$0.28
5-Yr Avg Growth
-26.2%
Ex-Dividend Date
May 26, 2026
Years of Growth
2
Frequency
semiannual
Beta
1.00
Market Cap
$170.3M
P/E Ratio
—
5-Yr Total Return
-44%
52-Week Range
$9.98 – $12.49
Dividend Safety
C · 61/100
Ever Cut?
Yes (2025)

GF dividend changes

The New Germany Fund, Inc. (GF) pays a variable dividend: across the 54 payments on record since 1990, 18 were higher than the one before and 14 lower. The latest change was up 170.8% to $0.130 per share, going ex-dividend on Dec 30, 2025.

Ex-dateChangeOld → newMove
Dec 30, 2025Higher$0.0480 → $0.130+170.8%
May 27, 2025Lower$0.0240 → $0.0190−20.8%
Dec 30, 2024Lower$0.0570 → $0.0480−15.8%
May 23, 2024Higher$0.0140 → $0.0240+71.4%
Dec 28, 2023Higher$0.0430 → $0.0570+32.6%
May 12, 2023Lower$0.725 → $0.0140−98.1%
Dec 29, 2022Lower$0.915 → $0.0430−95.3%
May 13, 2022Higher$0.341 → $0.725+112.6%
May 14, 2021Higher$0.204 → $0.915+348.5%
May 15, 2020Higher$0.313 → $0.341+8.9%
Dec 27, 2019Lower$0.715 → $0.204−71.5%
May 17, 2019Lower$0.743 → $0.313−57.9%
Every GF payment →Download every raise and cut (CSV)
GF ex-dividend date & scheduleNext ex-date May 26, 2026 · full ex-dividend historyView →GF dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is GF a good dividend stock?

Yes, with caveats. The New Germany Fund, Inc. (GF) pays a semiannual dividend yielding 2.72% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is GF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GF's fair value is about $4.60 versus a $10.45 share price — so it looks overvalued (-56% vs. fair value).

Is GF's dividend safe?

GF has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is GF's fair value?

Our blended fair-value estimate for GF is about $4.60 per share, about 56% below the current $10.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GF a buy, hold, or sell?

We don't issue formal ratings, but on the data GF screens as "yes, with caveats" and overvalued. The New Germany Fund, Inc. (GF) pays a semiannual dividend yielding 2.72% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will GF cut its dividend?

GF earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GF pay a dividend?

Yes. The New Germany Fund, Inc. pays a semiannual dividend of about $0.28 per share annually, a forward yield of roughly 2.72%.

What is GF's dividend yield?

As of Oct 22, 2026, GF's forward dividend yield is 2.72%, based on a $0.28 annual dividend and a $10.45 share price.

What is GF's dividend per share?

As of Oct 22, 2026, GF pays $0.28 per share per year, distributed on a semiannual basis.

What is GF's dividend payout ratio?

As of Oct 22, 2026, GF's payout ratio is 4% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has GF grown its dividend?

As of Oct 22, 2026, GF has increased its dividend for 2 consecutive years.

When is the next GF ex-dividend date?

As of Oct 22, 2026, GF's next ex-dividend date hasn't been announced. The most recent was May 26, 2026, for $0.15 per share.

Income Calculator

At $0.28 / yr per share

Per payment (semiannual)$14.00
Annual$28.00
Monthly avg$2.33

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