Neuberger Berman California Municipal Fund Inc. to Issue Monthly Dividend of $0.04 (NYSE:NBW)

Neuberger Berman California Municipal Fund Inc. (NYSE:NBWGet Rating) announced a monthly dividend on Thursday, May 5th, Wall Street Journal reports. Investors of record on Tuesday, May 31st will be given a dividend of 0.0448 per share on Wednesday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, May 27th.

NBW stock opened at $11.51 on Friday. The company has a fifty day moving average price of $12.21 and a two-hundred day moving average price of $13.17. Neuberger Berman California Municipal Fund has a one year low of $11.41 and a one year high of $14.99.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its position in Neuberger Berman California Municipal Fund by 96.9% during the fourth quarter. Guggenheim Capital LLC now owns 30,194 shares of the company’s stock worth $423,000 after acquiring an additional 14,860 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Neuberger Berman California Municipal Fund by 188.8% during the fourth quarter. Bank of America Corp DE now owns 3,977 shares of the company’s stock worth $56,000 after purchasing an additional 2,600 shares during the period. UBS Group AG increased its stake in shares of Neuberger Berman California Municipal Fund by 6.4% during the third quarter. UBS Group AG now owns 56,386 shares of the company’s stock worth $808,000 after purchasing an additional 3,410 shares during the period. Finally, Morgan Stanley lifted its holdings in Neuberger Berman California Municipal Fund by 2.0% during the 3rd quarter. Morgan Stanley now owns 46,389 shares of the company’s stock worth $664,000 after purchasing an additional 897 shares during the last quarter.

Neuberger Berman California Municipal Fund Company Profile (Get Rating)

Neuberger Berman California 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 California state personal tax.

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Dividend History for Neuberger Berman California Municipal Fund (NYSE:NBW)

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