Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Set to Pay Monthly Dividend of $0.05

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0542 per share on Monday, November 16th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, October 30th.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN:NBH opened at $9.04 on Friday. The stock has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $10.10. Neuberger Berman Municipal Fund has a 1-year low of $8.77 and a 1-year high of $10.72.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities in the United States and its territories.

The portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public projects and services. The fund may also invest in securities with different credit qualities and maturities, subject to its investment policies, allowing it to pursue income while managing interest-rate and credit-related risks.

NBH is managed by Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman, an independent, employee-owned investment manager.