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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.0542 per share on Monday, June 16th. This represents a $0.65 annualized dividend and a yield of 6.45%. The ex-dividend date is Friday, May 30th.

Neuberger Berman Municipal Fund Price Performance

Neuberger Berman Municipal Fund stock opened at $10.08 on Friday. Neuberger Berman Municipal Fund has a twelve month low of $9.47 and a twelve month high of $11.41. The company’s 50-day moving average price is $10.16 and its two-hundred day moving average price is $10.42.

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.