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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Friday, August 16th, Wall Street Journal reports. Investors of record on Friday, August 30th will be paid a dividend of 0.0542 per share on Monday, September 16th. This represents a $0.65 annualized dividend and a yield of 5.80%. The ex-dividend date is Friday, August 30th.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN NBH traded up $0.05 during trading hours on Friday, hitting $11.20. The company had a trading volume of 74,123 shares, compared to its average volume of 74,920. Neuberger Berman Municipal Fund has a 1-year low of $8.75 and a 1-year high of $11.21.

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.