Neuberger Ber. Intermediate Muni. Fund Declares Monthly Dividend of $0.07 (NBH)
Neuberger Ber. Intermediate Muni. Fund (NYSEAMERICAN:NBH) announced a monthly dividend on Wednesday, January 17th, Wall Street Journal reports. Shareholders of record on Wednesday, January 31st will be given a dividend of 0.0675 per share on Thursday, February 15th. This represents a $0.81 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Tuesday, January 30th.
Neuberger Ber. Intermediate Muni. Fund (NYSEAMERICAN:NBH) remained flat at $$14.75 during trading hours on Wednesday. 56,300 shares of the stock were exchanged, compared to its average volume of 38,010. Neuberger Ber. Intermediate Muni. Fund has a 1 year low of $14.54 and a 1 year high of $16.41.
About Neuberger Ber. Intermediate Muni. Fund
Neuberger Berman Intermediate Municipal Fund Inc is a diversified, closed-end management investment company that invests primarily in municipal securities. The Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax. It invests approximately 80% of total assets in municipal bonds with remaining maturities of less than 15 years and seeks to maintain a dollar weighted average duration between 3 and 8 years.
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