Neuberger Berman Municipal Fund Inc. (NBH) to Issue Monthly Dividend of $0.04 on April 15th

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Friday, March 15th, Wall Street Journal reports. Stockholders of record on Thursday, March 28th will be given a dividend of 0.0377 per share on Monday, April 15th. This represents a $0.45 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, March 27th.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN:NBH opened at $10.44 on Monday. Neuberger Berman Municipal Fund has a 52-week low of $8.75 and a 52-week high of $11.01.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at about $50,000. PNC Financial Services Group Inc. grew its stake in shares of Neuberger Berman Municipal Fund by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock valued at $104,000 after buying an additional 1,028 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at about $125,000. First Trust Advisors LP grew its stake in shares of Neuberger Berman Municipal Fund by 33.1% during the first quarter. First Trust Advisors LP now owns 21,014 shares of the company’s stock valued at $230,000 after buying an additional 5,223 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Neuberger Berman Municipal Fund by 2,382.7% during the first quarter. Rockefeller Capital Management L.P. now owns 48,636 shares of the company’s stock valued at $532,000 after buying an additional 46,677 shares during the last quarter.

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.