NB Distressed Debt New Glb (LON:NBDG) Raises 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. Stockholders 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 dividend 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 viewed at this link.

NB Distressed Debt New Glb Stock Up 9.5 %

Shares of NBDG traded up GBX 4 ($0.05) 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. The firm’s fifty day moving average price is GBX 33.48 and its 200-day moving average price is GBX 31.19. NB Distressed Debt New Glb has a fifty-two week low of GBX 27 ($0.35) and a fifty-two week high of GBX 46 ($0.60). The firm has a market capitalization of £12.80 million and a price-to-earnings 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.