Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) announced a monthly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.0542 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, June 30th.
Neuberger Berman Municipal Fund Trading Up 0.5%
NYSEAMERICAN NBH opened at $10.44 on Tuesday. Neuberger Berman Municipal Fund has a 1 year low of $9.69 and a 1 year high of $10.64. The company has a fifty day moving average price of $10.29 and a 200-day moving average price of $10.30.
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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