Neuberger Berman Municipal Fund Inc. (NBH) to Issue Monthly Dividend of $0.05 on June 15th

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Friday, May 15th. Investors of record on Friday, May 29th will be paid a dividend of 0.0542 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, May 29th.

Neuberger Berman Municipal Fund Stock Up 0.5%

Shares of NBH stock opened at $10.32 on Wednesday. Neuberger Berman Municipal Fund has a 1 year low of $9.69 and a 1 year high of $10.64. The firm’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $10.29.

Insider Transactions at Neuberger Berman Municipal Fund

In related news, major shareholder Of America Corp /De/ Bank bought 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider owned 3,200 shares of the company’s stock, valued at $32,832. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of NBH. Advisory Services Network LLC bought a new stake in Neuberger Berman Municipal Fund in the 3rd quarter valued at $35,000. Elyxium Wealth LLC bought a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at $43,000. Hollencrest Capital Management increased its holdings in Neuberger Berman Municipal Fund by 204.2% in the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock valued at $74,000 after buying an additional 4,897 shares during the period. Nomura Holdings Inc. bought a new stake in Neuberger Berman Municipal Fund in the 2nd quarter valued at $98,000. Finally, PFG Investments LLC bought a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at $101,000.

About Neuberger Berman Municipal Fund

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.