Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) announced a monthly dividend on Tuesday, February 17th. Investors of record on Friday, February 27th will be paid a dividend of 0.0542 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 27th.
Neuberger Berman Municipal Fund Stock Performance
NYSEAMERICAN:NBH opened at $10.65 on Wednesday. Neuberger Berman Municipal Fund has a 12-month low of $9.47 and a 12-month high of $10.82. The stock’s 50 day moving average price is $10.33 and its two-hundred day moving average price is $10.24.
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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