Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Declares Dividend of $0.05

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Investors of record on Friday, September 30th will be paid a dividend of 0.0503 per share on Monday, October 17th. This represents a yield of 5.68%. The ex-dividend date of this dividend is Thursday, September 29th.

Neuberger Berman Municipal Fund has decreased its dividend payment by an average of 0.7% per year over the last three years.

Neuberger Berman Municipal Fund Trading Down 0.9 %

Shares of NBH opened at $10.51 on Friday. Neuberger Berman Municipal Fund has a 12 month low of $10.51 and a 12 month high of $16.95.

Institutional Trading of Neuberger Berman Municipal Fund

A number of hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its stake in shares of Neuberger Berman Municipal Fund by 3.8% during the 1st quarter. First Trust Advisors LP now owns 32,209 shares of the company’s stock worth $428,000 after buying an additional 1,182 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Neuberger Berman Municipal Fund by 4.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 82,757 shares of the company’s stock valued at $1,099,000 after buying an additional 3,622 shares during the period. Bank of America Corp DE increased its holdings in Neuberger Berman Municipal Fund by 7.4% in the 1st quarter. Bank of America Corp DE now owns 181,248 shares of the company’s stock valued at $2,407,000 after buying an additional 12,503 shares during the period. Royal Bank of Canada increased its holdings in Neuberger Berman Municipal Fund by 24.0% in the 1st quarter. Royal Bank of Canada now owns 99,207 shares of the company’s stock valued at $1,317,000 after buying an additional 19,179 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Guggenheim Capital LLC now owns 241,655 shares of the company’s stock valued at $3,209,000 after buying an additional 59,722 shares during the period.

Neuberger Berman Municipal Fund Company Profile

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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.

See Also

Dividend History for Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH)

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