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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.0542 per share on Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Monday, March 31st.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund stock remained flat at $10.40 during trading on Tuesday. The stock had a trading volume of 91,078 shares, compared to its average volume of 87,322. Neuberger Berman Municipal Fund has a 52-week low of $10.03 and a 52-week high of $11.41. The business’s fifty day simple moving average is $10.43.

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.