Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Plans Dividend Increase – $0.07 Per Share

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) announced a monthly dividend on Wednesday, March 25th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0701 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, April 15th. This is a 20.0% increase from Neuberger Berman Energy Infrastructure and Income Fund’s previous monthly dividend of $0.06.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN NML opened at $10.40 on Friday. The business has a 50-day moving average price of $9.70 and a 200 day moving average price of $8.89. Neuberger Berman Energy Infrastructure and Income Fund has a 52-week low of $7.10 and a 52-week high of $10.49.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

A number of hedge funds have recently modified their holdings of the business. Monetary Management Group Inc. raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter worth $89,000. Northwestern Mutual Wealth Management Co. grew its position in Neuberger Berman Energy Infrastructure and Income Fund by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock worth $125,000 after purchasing an additional 1,112 shares during the last quarter. Adapt Wealth Advisors LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at $129,000. Finally, NorthRock Partners LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at $135,000.

About Neuberger Berman Energy Infrastructure and Income Fund

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.