Neuberger Berman NY Intrmdt Mncpl Fd Inc (NYSE:NBO) declared a monthly dividend on Tuesday, July 18th, Wall Street Journal reports. Investors of record on Monday, July 31st will be paid a dividend of 0.0437 per share on Tuesday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, July 27th.

Neuberger Berman NY Intrmdt Mncpl Fd has decreased its dividend payment by an average of 7.8% annually over the last three years.

Shares of Neuberger Berman NY Intrmdt Mncpl Fd (NYSE NBO) traded up 0.62% during trading on Tuesday, reaching $12.88. 7,089 shares of the company were exchanged. The company has a 50 day moving average price of $12.73 and a 200-day moving average price of $12.59. Neuberger Berman NY Intrmdt Mncpl Fd has a one year low of $12.13 and a one year high of $14.72.

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In other news, insider James Iselin acquired 2,500 shares of the stock in a transaction on Thursday, June 1st. The shares were purchased at an average price of $12.76 per share, for a total transaction of $31,900.00. Following the transaction, the insider now directly owns 2,600 shares of the company’s stock, valued at $33,176. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

About Neuberger Berman NY Intrmdt Mncpl Fd

Neuberger Berman New York Intermediate Municipal Fund Inc is a non-diversified, closed-end management investment company that invests primarily in municipal securities. The Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax and a high level of current income exempt from the New York and New York City personal income tax.

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