Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) to Issue Monthly Dividend of $0.03 on July 31st

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) declared a monthly dividend on Tuesday, June 30th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0312 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO opened at $3.05 on Monday. The firm has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $3.00. Neuberger Berman Real Estate Securities Income Fund has a 1-year low of $2.74 and a 1-year high of $3.37.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth $32,000. Envestnet Asset Management Inc. purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at about $33,000. XTX Topco Ltd purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at about $34,000. Mercer Global Advisors Inc. ADV acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $48,000. Finally, PNC Financial Services Group Inc. increased its stake in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the first quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after purchasing an additional 10,065 shares during the period.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.