Neuberger Berman Municipal Fund Inc. (NBH) to Issue Monthly Dividend of $0.05 on October 15th

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, September 16th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.0542 per share on Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, September 30th.

Neuberger Berman Municipal Fund Trading Down 0.1 %

NBH traded down $0.01 during trading hours on Wednesday, reaching $11.28. The company’s stock had a trading volume of 46,614 shares, compared to its average volume of 76,010. Neuberger Berman Municipal Fund has a fifty-two week low of $8.75 and a fifty-two 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.