Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) declared a monthly dividend on Friday, May 15th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.0542 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, May 29th.
Neuberger Berman Municipal Fund Price Performance
Shares of NYSEAMERICAN:NBH opened at $10.32 on Wednesday. Neuberger Berman Municipal Fund has a 52-week low of $9.69 and a 52-week high of $10.64. The stock’s 50-day simple moving average is $10.21 and its two-hundred day simple moving average is $10.29.
About Neuberger Berman Municipal Fund
Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.
The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.
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