Neuberger Berman New York Municipal Fund, Inc. Announces Monthly Dividend of $0.02 (NYSEAMERICAN:NBO)

Neuberger Berman New York Municipal Fund, Inc. (NYSEAMERICAN:NBO) declared a monthly dividend on Tuesday, September 19th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.0242 per share on Monday, October 16th. This represents a $0.29 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 28th.

Neuberger Berman New York Municipal Fund Trading Down 0.9 %

Shares of Neuberger Berman New York Municipal Fund stock traded down $0.08 on Tuesday, reaching $9.11. The company had a trading volume of 19,491 shares, compared to its average volume of 12,827. Neuberger Berman New York Municipal Fund has a 1 year low of $8.77 and a 1 year high of $10.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBO. Guggenheim Capital LLC boosted its stake in shares of Neuberger Berman New York Municipal Fund by 2.2% in the first quarter. Guggenheim Capital LLC now owns 119,438 shares of the company’s stock worth $1,385,000 after buying an additional 2,626 shares during the last quarter. UBS Group AG lifted its position in Neuberger Berman New York Municipal Fund by 8.1% during the first quarter. UBS Group AG now owns 114,147 shares of the company’s stock worth $1,324,000 after buying an additional 8,580 shares in the last quarter. Wells Fargo & Company MN increased its stake in Neuberger Berman New York Municipal Fund by 85.0% during the fourth quarter. Wells Fargo & Company MN now owns 58,999 shares of the company’s stock worth $556,000 after acquiring an additional 27,107 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in Neuberger Berman New York Municipal Fund during the first quarter worth $482,000. Finally, Raymond James & Associates acquired a new stake in Neuberger Berman New York Municipal Fund during the fourth quarter worth $437,000.

About Neuberger Berman New York Municipal Fund

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