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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.0542 per share on Tuesday, October 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, September 30th.

Neuberger Berman Municipal Fund Price Performance

NBH traded down $0.01 on Wednesday, hitting $11.28. 46,614 shares of the company were exchanged, compared to its average volume of 76,010. Neuberger Berman Municipal Fund has a twelve month low of $8.75 and a twelve month high of $11.41.

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.