Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Rating) declared a monthly dividend on Wednesday, April 20th, Wall Street Journal reports. Investors of record on Friday, April 29th will be given a dividend of 0.0503 per share on Monday, May 16th. This represents a $0.60 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, April 28th.
Shares of NYSEAMERICAN NBH traded up $0.06 during midday trading on Wednesday, hitting $12.26. The stock had a trading volume of 84,307 shares, compared to its average volume of 49,920. Neuberger Berman Municipal Fund has a fifty-two week low of $12.05 and a fifty-two week high of $17.47.
A number of hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its position in shares of Neuberger Berman Municipal Fund by 20.9% in the 2nd quarter. Morgan Stanley now owns 119,202 shares of the company’s stock worth $1,918,000 after purchasing an additional 20,639 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Neuberger Berman Municipal Fund by 1.4% in the second quarter. Wells Fargo & Company MN now owns 80,657 shares of the company’s stock valued at $1,298,000 after buying an additional 1,131 shares during the period. Finally, LPL Financial LLC boosted its holdings in Neuberger Berman Municipal Fund by 36.5% during the third quarter. LPL Financial LLC now owns 37,915 shares of the company’s stock worth $609,000 after buying an additional 10,141 shares during the last quarter.
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.
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