Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH) announced a — dividend on Wednesday, September 18th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.0624 per share on Tuesday, October 15th. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 27th.
Neuberger Berman Municipal Fund has decreased its dividend by an average of 5.1% per year over the last three years.
NBH stock traded up $0.01 during trading on Friday, reaching $15.55. 25,152 shares of the stock were exchanged, compared to its average volume of 46,470. Neuberger Berman Municipal Fund has a 1 year low of $12.45 and a 1 year high of $15.78.
In other Neuberger Berman Municipal Fund news, insider Bradley Tank sold 19,400 shares of Neuberger Berman Municipal Fund stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.40, for a total transaction of $298,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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.
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