Neuberger Berman Municipal Fund Inc. Declares Monthly Dividend of $0.04 (NYSEAMERICAN:NBH)

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.0377 per share on Wednesday, May 15th. This represents a $0.45 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Monday, April 29th.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH stock traded down $0.01 during trading on Wednesday, reaching $10.12. 74,175 shares of the company’s stock were exchanged, compared to its average volume of 78,365. Neuberger Berman Municipal Fund has a twelve month low of $8.75 and a twelve month high of $10.80.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in Neuberger Berman Municipal Fund by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after buying an additional 1,028 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Neuberger Berman Municipal Fund by 3.8% during the 1st quarter. First Trust Advisors LP now owns 32,209 shares of the company’s stock valued at $428,000 after acquiring an additional 1,182 shares during the period. Royal Bank of Canada grew its holdings in shares of Neuberger Berman Municipal Fund by 2.7% during the 3rd quarter. Royal Bank of Canada now owns 107,961 shares of the company’s stock worth $1,093,000 after purchasing an additional 2,847 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Neuberger Berman Municipal Fund by 4.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 82,757 shares of the company’s stock worth $1,099,000 after purchasing an additional 3,622 shares during the period. Finally, US Bancorp DE bought a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter worth $50,000.

Neuberger Berman Municipal Fund Company Profile

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.