Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML – Get Free Report) declared a monthly dividend on Tuesday, June 30th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0701 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Wednesday, July 15th.
Neuberger Berman Energy Infrastructure and Income Fund Price Performance
NYSEAMERICAN:NML opened at $10.14 on Wednesday. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.89 and a twelve month high of $10.71. The company’s 50 day moving average is $10.09 and its two-hundred day moving average is $9.66.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NML. Bank of America Corp DE boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock valued at $40,227,000 after purchasing an additional 240,841 shares during the last quarter. Saba Capital Management L.P. raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during the 1st quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock valued at $18,319,000 after buying an additional 326,572 shares during the last quarter. UBS Group AG raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.6% during the 4th quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after buying an additional 4,775 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock valued at $2,747,000 after buying an additional 68,348 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% in the 4th quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock valued at $2,298,000 after buying an additional 247,273 shares during the period.
About Neuberger Berman Energy Infrastructure and Income Fund
Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.
Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.
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