Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) To Go Ex-Dividend on February 17th

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) declared a monthly dividend on Friday, January 30th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.0584 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Tuesday, February 17th.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN:NML opened at $9.90 on Friday. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $7.10 and a 52 week high of $9.94. The company’s 50 day moving average is $8.78 and its two-hundred day moving average is $8.60.

Insiders Place Their Bets

In other Neuberger Berman Energy Infrastructure and Income Fund news, Portfolio Manager Douglas A. Rachlin acquired 40,000 shares of the stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $8.55 per share, with a total value of $342,000.00. Following the transaction, the portfolio manager owned 418,817 shares in the company, valued at $3,580,885.35. The trade was a 10.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 4.0% during the third quarter. Bank of America Corp DE now owns 3,227,379 shares of the investment management company’s stock worth $28,143,000 after purchasing an additional 123,066 shares during the last quarter. UBS Group AG raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% during the fourth quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock worth $7,245,000 after purchasing an additional 4,775 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 108.0% during the second quarter. Wolverine Asset Management LLC now owns 414,695 shares of the investment management company’s stock worth $3,732,000 after purchasing an additional 215,348 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 335,107 shares of the investment management company’s stock worth $2,922,000 after buying an additional 2,595 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock valued at $2,747,000 after buying an additional 68,348 shares in 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 management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.