Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) To Go Ex-Dividend on October 15th

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0701 per share by the investment management company on Friday, October 30th. This represents a $0.84 annualized dividend and a yield of 8.2%. The ex-dividend date is Thursday, October 15th.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NYSEAMERICAN:NML opened at $10.31 on Tuesday. The firm has a 50 day moving average of $10.44 and a 200-day moving average of $10.26. Neuberger Berman Energy Infrastructure and Income Fund has a 12 month low of $7.89 and a 12 month high of $10.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 35.1% during the second quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after purchasing an additional 59,367 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth $33,000. Knollwood Investment Advisory LLC lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 2.0% during the second quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock worth $802,000 after purchasing an additional 1,526 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 1st quarter valued at $39,000. Finally, Bank of America Corp DE increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock valued at $40,227,000 after purchasing an additional 240,841 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide current income and long-term total return by investing primarily in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded securities associated with the transportation, storage, processing and distribution of energy commodities.