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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Wednesday, September 18th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.0542 per share on Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Monday, September 30th.

Neuberger Berman Municipal Fund Stock Up 0.1 %

NBH stock traded up $0.01 during midday trading on Wednesday, reaching $11.30. 46,614 shares of the company’s stock traded hands, compared to its average volume of 76,010. Neuberger Berman Municipal Fund has a 52-week low of $8.75 and a 52-week 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.