Neuberger Berman Real Estate Securities Income Fund Inc. Plans Monthly Dividend of $0.03 (NYSEAMERICAN:NRO)

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.0312 per share on Tuesday, May 31st. This represents a $0.37 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date is Friday, May 13th.

Neuberger Berman Real Estate Securities Income Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Shares of NRO stock opened at $4.69 on Wednesday. Neuberger Berman Real Estate Securities Income Fund has a 52-week low of $4.26 and a 52-week high of $5.30.

Several institutional investors have recently made changes to their positions in NRO. Bank of America Corp DE increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 201,994 shares of the company’s stock worth $1,016,000 after purchasing an additional 17,384 shares in the last quarter. Morgan Stanley increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 20.4% during the 2nd quarter. Morgan Stanley now owns 723,125 shares of the company’s stock worth $3,638,000 after purchasing an additional 122,677 shares in the last quarter. Royal Bank of Canada increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 5.5% during the 3rd quarter. Royal Bank of Canada now owns 80,709 shares of the company’s stock worth $387,000 after purchasing an additional 4,214 shares in the last quarter. LPL Financial LLC increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 2.6% during the 3rd quarter. LPL Financial LLC now owns 205,240 shares of the company’s stock worth $985,000 after purchasing an additional 5,248 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 7.2% during the 3rd quarter. UBS Group AG now owns 67,332 shares of the company’s stock worth $323,000 after purchasing an additional 4,528 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile (Get Rating)

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.

Featured Articles