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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0542 per share on Monday, March 17th. This represents a $0.65 annualized dividend and a yield of 6.08%. The ex-dividend date is Friday, February 28th.

Neuberger Berman Municipal Fund Stock Performance

NBH traded down $0.01 during trading on Wednesday, hitting $10.69. 106,614 shares of the stock were exchanged, compared to its average volume of 110,041. Neuberger Berman Municipal Fund has a 1 year low of $10.03 and a 1 year 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.