Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) declared a monthly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be given a dividend of 0.0542 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, July 31st.
Neuberger Berman Municipal Fund Trading Up 0.6%
Shares of NYSEAMERICAN NBH opened at $10.35 on Wednesday. The business’s 50 day moving average is $10.39 and its 200-day moving average is $10.34. Neuberger Berman Municipal Fund has a 1-year low of $9.76 and a 1-year high of $10.72.
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.
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