NB Distressed Debt New Glb (NBDG) to Issue Dividend of GBX 3.17 on April 7th

NB Distressed Debt New Glb (LON:NBDG) declared a dividend on Friday, March 7th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid 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

Shares of LON NBDG traded up GBX 4 ($0.05) during midday trading on Tuesday, reaching GBX 46 ($0.60). 1,500 shares of the stock were exchanged, compared to its average volume of 84,045. The business has a 50-day simple moving average of GBX 33.48 and a two-hundred day simple moving average of GBX 31.19. The company has a market capitalization of £12.80 million and a price-to-earnings ratio of 511.11. NB Distressed Debt New Glb has a 12 month low of GBX 27 ($0.35) and a 12 month high of GBX 46 ($0.60).

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.