Shares of NB Distressed Debt New Glb (LON:NBDG – Get Free Report) reached a new 52-week high on Friday following a dividend announcement from the company. The company traded as high as GBX 0.70 ($0.01) and last traded at GBX 30 ($0.39), with a volume of 135416 shares changing hands. The stock had previously closed at GBX 30 ($0.39).
The newly announced dividend which will be paid on Monday, December 9th. Shareholders of record on Thursday, November 21st will be issued a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 7.33%. NB Distressed Debt New Glb’s dividend payout ratio (DPR) is presently 3,333.33%.
NB Distressed Debt New Glb Price Performance
The company’s fifty day simple moving average is GBX 28.68 and its two-hundred day simple moving average is GBX 29.25. The company has a market capitalization of £8.35 million and a price-to-earnings ratio of 333.33.
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.
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