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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Wednesday, October 16th, Wall Street Journal reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.0542 per share on Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Thursday, October 31st.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH traded up $0.05 during mid-day trading on Wednesday, reaching $11.09. The company had a trading volume of 67,802 shares, compared to its average volume of 77,040. Neuberger Berman Municipal Fund has a twelve month low of $8.75 and a twelve month high of $11.41.

About Neuberger Berman Municipal Fund

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.