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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Tuesday, March 18th, 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 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Monday, March 31st.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN NBH remained flat at $10.40 during midday trading on Tuesday. 91,078 shares of the stock were exchanged, compared to its average volume of 87,322. The stock’s fifty day simple moving average is $10.43. Neuberger Berman Municipal Fund has a twelve month low of $10.03 and a twelve 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.