Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Declares $0.07 Monthly Dividend

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) declared a monthly dividend on Friday, July 31st. Stockholders of record on Monday, August 17th will be given a dividend of 0.0701 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, August 17th.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock opened at $10.76 on Friday. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.89 and a twelve month high of $10.95. The company’s fifty day moving average is $10.20 and its 200 day moving average is $10.07.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NML. Western Wealth Management LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter worth approximately $39,000. Monetary Management Group Inc. lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares during the period. Fifth Third Bancorp bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at $80,000. Evolve Private Wealth LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter worth about $89,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock worth $125,000 after acquiring an additional 1,112 shares in the last quarter.

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.