Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Declares $0.05 Monthly Dividend

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Monday, December 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.0542 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Neuberger Berman Municipal Fund Trading Up 0.0%

NBH traded up $0.01 on Tuesday, reaching $10.21. The company had a trading volume of 11,605 shares, compared to its average volume of 97,916. Neuberger Berman Municipal Fund has a 52-week low of $9.47 and a 52-week high of $10.82. The business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.08.

Institutional Trading of Neuberger Berman Municipal Fund

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Capital Management Inc. boosted its holdings in Neuberger Berman Municipal Fund by 14.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 24,736 shares of the company’s stock valued at $243,000 after acquiring an additional 3,216 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Neuberger Berman Municipal Fund by 28.4% in the second quarter. Advisors Asset Management Inc. now owns 461,695 shares of the company’s stock worth $4,538,000 after purchasing an additional 102,102 shares during the last quarter. Riverbridge Partners LLC increased its stake in shares of Neuberger Berman Municipal Fund by 5.2% in the second quarter. Riverbridge Partners LLC now owns 43,887 shares of the company’s stock worth $431,000 after buying an additional 2,186 shares during the period. Park Avenue Securities LLC raised its holdings in Neuberger Berman Municipal Fund by 3.3% during the 2nd quarter. Park Avenue Securities LLC now owns 110,926 shares of the company’s stock valued at $1,090,000 after buying an additional 3,522 shares during the last quarter. Finally, Plancorp LLC boosted its position in Neuberger Berman Municipal Fund by 25.0% during the 2nd quarter. Plancorp LLC now owns 50,009 shares of the company’s stock valued at $492,000 after buying an additional 10,000 shares during the period.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.