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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.0542 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, June 30th.

Neuberger Berman Municipal Fund Stock Performance

NYSEAMERICAN NBH opened at $10.41 on Wednesday. Neuberger Berman Municipal Fund has a twelve month low of $9.69 and a twelve month high of $10.64. The stock has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $10.30.

Insiders Place Their Bets

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the acquisition, the insider owned 3,200 shares in the company, valued at approximately $32,832. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Neuberger Berman Municipal Fund

A number of large investors have recently bought and sold shares of NBH. Invesco Ltd. grew its holdings in Neuberger Berman Municipal Fund by 131.6% during the 2nd quarter. Invesco Ltd. now owns 97,936 shares of the company’s stock worth $963,000 after acquiring an additional 55,646 shares during the period. Raymond James Financial Inc. grew its holdings in Neuberger Berman Municipal Fund by 6.1% during the 2nd quarter. Raymond James Financial Inc. now owns 103,164 shares of the company’s stock worth $1,014,000 after acquiring an additional 5,938 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth about $455,000. Nomura Holdings Inc. acquired a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth about $98,000. Finally, Osaic Holdings Inc. grew its holdings in Neuberger Berman Municipal Fund by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after acquiring an additional 1,859 shares during the period.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax?exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high?quality state and local government obligations, including general obligation bonds, revenue bonds and essential?purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.