Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) to Issue $0.07 Monthly Dividend

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be given a dividend of 0.0701 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML stock traded up $0.04 during trading on Friday, hitting $10.18. 130,074 shares of the company were exchanged, compared to its average volume of 175,223. The business’s 50-day simple moving average is $10.14 and its 200 day simple moving average is $9.55. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.89 and a twelve month high of $10.71.

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

Several institutional investors have recently made changes to their positions in NML. Western Wealth Management LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the first quarter worth approximately $39,000. Monetary Management Group Inc. raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 1,200 shares in the last quarter. Fifth Third Bancorp bought a new position in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at approximately $80,000. Evolve Private Wealth LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at approximately $89,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 8.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 1,112 shares in the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.