NB Global Monthly Income Fund Limited (NBMI) to Issue Dividend of GBX 4.10 on May 31st

NB Global Monthly Income Fund Limited (LON:NBMI) announced a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 2nd will be given a dividend of GBX 4.10 ($0.05) per share on Friday, May 31st. This represents a dividend yield of 7.79%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from NB Global Monthly Income Fund’s previous dividend of $2.10. The official announcement can be accessed at this link.

NB Global Monthly Income Fund Price Performance

Shares of LON:NBMI opened at GBX 56.78 ($0.71) on Tuesday. The business’s 50 day moving average price is GBX 63.39 and its 200-day moving average price is GBX 67.75. NB Global Monthly Income Fund has a 1 year low of GBX 50 ($0.63) and a 1 year high of GBX 80.22 ($1.01). The firm has a market capitalization of £40.50 million and a PE ratio of 329.41.

Insiders Place Their Bets

In related news, insider Rupert O. Dorey sold 10,607 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 79 ($0.99), for a total value of £8,379.53 ($10,525.73). 0.15% of the stock is owned by insiders.

About NB Global Monthly Income Fund

NB Global Monthly Income 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 primarily invests in floating rate senior secured loans issued in U.S.