Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) announced a monthly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.0542 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, June 30th.
Neuberger Berman Municipal Fund Stock Performance
NYSEAMERICAN:NBH opened at $10.44 on Tuesday. Neuberger Berman Municipal Fund has a fifty-two week low of $9.69 and a fifty-two week high of $10.64. The company’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.30.
Neuberger Berman Municipal Fund Company Profile
Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.
The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.
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