Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO) announced a monthly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.04 per share on Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 9.54%. The ex-dividend date of this dividend is Tuesday, May 14th.
Neuberger Berman Real Estate Sec Inc Fd has increased its dividend by an average of 20.9% per year over the last three years.
NYSEAMERICAN NRO opened at $5.03 on Monday. Neuberger Berman Real Estate Sec Inc Fd has a fifty-two week low of $3.85 and a fifty-two week high of $5.27.
Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.
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