The New Ireland Fund has raised its dividend payment by an average of 4.8% per year over the last three years.
The New Ireland Fund, Inc. (NYSE:IRL) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Friday, March 22nd will be given a dividend of 0.1107 per share by the financial services provider on Friday, March 29th. This represents a $0.44 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, March 21st.
IRL stock opened at $9.23 on Thursday. The New Ireland Fund has a 12-month low of $7.69 and a 12-month high of $12.48.
An institutional investor recently raised its position in The New Ireland Fund stock. Geode Capital Management LLC raised its position in The New Ireland Fund, Inc. (NYSE:IRL) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,056 shares of the financial services provider’s stock after buying an additional 4,229 shares during the period. Geode Capital Management LLC owned about 0.68% of The New Ireland Fund worth $284,000 at the end of the most recent reporting period. 30.62% of the stock is owned by institutional investors and hedge funds.
The New Ireland Fund Company Profile
The New Ireland Fund, Inc is a close-ended balanced mutual fund launched by Bank of Ireland Asset Management (U.S.) Limited. It is managed by Kleinwort Benson Investors International Ltd. The fund invests in the public equity and fixed income markets of the Ireland. It seeks to invest in growth stocks of companies operating across diversified sectors.
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