Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.0624 per share on Wednesday, May 15th. This represents a $0.75 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, April 29th.
Neuberger Berman Municipal Fund has decreased its dividend payment by an average of 5.1% annually over the last three years.
Shares of NBH opened at $14.44 on Wednesday. Neuberger Berman Municipal Fund has a twelve month low of $12.45 and a twelve month high of $14.67.
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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.
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