NB Distressed Debt New Glb (LON:NBDG) Increases Dividend to GBX 3.17 Per Share

NB Distressed Debt New Glb (LON:NBDG) announced a dividend on Friday, March 7th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be given a dividend of GBX 3.17 ($0.04) per share on Monday, April 7th. This represents a yield of 7.55%. The ex-dividend date is Thursday, March 20th. This is a 44.1% increase from NB Distressed Debt New Glb’s previous dividend of $2.20. The official announcement can be accessed at this link.

NB Distressed Debt New Glb Price Performance

NBDG stock traded up GBX 4 ($0.05) during midday trading on Tuesday, hitting GBX 46 ($0.60). The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 84,045. NB Distressed Debt New Glb has a twelve month low of GBX 27 ($0.35) and a twelve month high of GBX 46 ($0.60). The company’s fifty day moving average price is GBX 33.48 and its 200 day moving average price is GBX 31.19. The stock has a market capitalization of £12.80 million and a P/E ratio of 511.11.

About NB Distressed Debt New Glb

NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited. The fund is co-managed by Neuberger Berman Investment Advisers, LLC. It invests in fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.