Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) announced a monthly dividend on Monday, August 17th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.0542 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, August 31st.
Neuberger Berman Municipal Fund Stock Performance
Neuberger Berman Municipal Fund stock opened at $10.34 on Tuesday. Neuberger Berman Municipal Fund has a 1 year low of $9.76 and a 1 year high of $10.72. The company’s 50-day moving average is $10.37 and its two-hundred day moving average is $10.34.
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.
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