Neuberger Berman Municipal Fund Inc. (NBH) to Issue Monthly Dividend of $0.05 on December 16th

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.0542 per share on Monday, December 16th. This represents a $0.65 annualized dividend and a yield of 6.02%. The ex-dividend date is Friday, November 29th.

Neuberger Berman Municipal Fund Stock Performance

NBH stock traded up $0.07 during trading on Wednesday, hitting $10.80. 8,301 shares of the company’s stock were exchanged, compared to its average volume of 76,126. Neuberger Berman Municipal Fund has a 52-week low of $9.73 and a 52-week high of $11.41.

About Neuberger Berman Municipal Fund

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.