Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) to Issue $0.05 Monthly Dividend

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Wednesday, April 16th, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.0542 per share on Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Wednesday, April 30th.

Neuberger Berman Municipal Fund Stock Down 0.9 %

Shares of NYSEAMERICAN NBH traded down $0.09 during trading on Wednesday, hitting $9.83. The company had a trading volume of 82,229 shares, compared to its average volume of 90,804. The stock has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.48. Neuberger Berman Municipal Fund has a 12 month low of $9.47 and a 12 month 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.