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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Tuesday, October 15th, 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 dividend yield of 5.86%. The ex-dividend date is Thursday, October 31st.

Neuberger Berman Municipal Fund Trading Up 0.5 %

Shares of NBH stock opened at $11.09 on Thursday. Neuberger Berman Municipal Fund has a one year low of $8.75 and a one 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.