Neuberger Berman Municipal Fund Inc. Announces Monthly Dividend of $0.05 (NYSEAMERICAN:NBH)

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0542 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, July 31st.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH stock opened at $10.45 on Thursday. Neuberger Berman Municipal Fund has a 12-month low of $9.69 and a 12-month high of $10.72. The firm has a fifty day moving average of $10.39 and a 200-day moving average of $10.33.

Insider Activity at Neuberger Berman Municipal Fund

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the acquisition, the insider directly owned 3,200 shares of the company’s stock, valued at approximately $32,832. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Neuberger Berman Municipal Fund

Several hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its position in shares of Neuberger Berman Municipal Fund by 7.9% during the first quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after acquiring an additional 1,448 shares in the last quarter. Osaic Holdings Inc. lifted its position in Neuberger Berman Municipal Fund by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock valued at $148,000 after acquiring an additional 1,859 shares in the last quarter. Hollencrest Capital Management boosted its stake in Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock worth $98,000 after purchasing an additional 2,392 shares during the period. Bank of New York Mellon Corp increased its holdings in Neuberger Berman Municipal Fund by 14.6% during the 1st quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after purchasing an additional 2,804 shares in the last quarter. Finally, Atala Financial Inc increased its holdings in Neuberger Berman Municipal Fund by 3.0% during the 4th quarter. Atala Financial Inc now owns 105,222 shares of the company’s stock worth $1,065,000 after purchasing an additional 3,064 shares in the last quarter.

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.