Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) announced a monthly dividend on Monday, August 17th. Investors of record on Monday, August 31st will be given a dividend of 0.0542 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 31st.
Neuberger Berman Municipal Fund Trading Down 0.7%
Shares of NYSEAMERICAN:NBH opened at $10.27 on Wednesday. Neuberger Berman Municipal Fund has a 52-week low of $9.76 and a 52-week high of $10.72. The firm has a fifty day moving average of $10.37 and a 200 day moving average of $10.33.
About Neuberger Berman Municipal Fund
Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.
The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.
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