Neuberger Berman Municipal Fund Inc. Announces Monthly Dividend of $0.05 (NYSEAMERICAN:NBH)

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.0542 per share on Tuesday, April 15th. This represents a $0.65 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Monday, March 31st.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN NBH remained flat at $10.40 on Tuesday. The company’s stock had a trading volume of 91,078 shares, compared to its average volume of 87,322. The firm has a fifty day moving average of $10.43. Neuberger Berman Municipal Fund has a 12-month low of $10.03 and a 12-month high of $11.41.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.