Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) to Issue Monthly Dividend of $0.05

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.0542 per share on Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Monday, September 30th.

Neuberger Berman Municipal Fund Stock Performance

NBH stock traded up $0.01 during midday trading on Wednesday, hitting $11.30. The stock had a trading volume of 46,614 shares, compared to its average volume of 76,010. Neuberger Berman Municipal Fund has a 1-year low of $8.75 and a 1-year high of $11.41.

About Neuberger Berman Municipal Fund

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.