Neuberger Berman Real Estate Securities Income Fund Inc. Plans Monthly Dividend of $0.03 (NYSEAMERICAN:NRO)

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.0312 per share on Friday, February 28th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date is Thursday, February 6th.

Neuberger Berman Real Estate Securities Income Fund has increased its dividend by an average of 58.7% annually over the last three years.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NYSEAMERICAN NRO traded down $0.01 during mid-day trading on Tuesday, hitting $3.50. 423,494 shares of the stock traded hands, compared to its average volume of 159,149. Neuberger Berman Real Estate Securities Income Fund has a twelve month low of $2.99 and a twelve month high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.