Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Rating) declared a monthly dividend on Thursday, March 16th, Wall Street Journal reports. Shareholders of record on Friday, March 31st will be given a dividend of 0.0377 per share on Monday, April 17th. This represents a $0.45 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Thursday, March 30th.
Neuberger Berman Municipal Fund Stock Down 0.8 %
Shares of NYSEAMERICAN:NBH opened at $10.53 on Friday. Neuberger Berman Municipal Fund has a 1-year low of $9.60 and a 1-year high of $13.84.
Hedge Funds Weigh In On Neuberger Berman Municipal Fund
Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in Neuberger Berman Municipal Fund by 11.5% in the 4th 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 in the last quarter. Susquehanna International Group LLP acquired a new position in Neuberger Berman Municipal Fund in the fourth quarter worth approximately $125,000. First Trust Advisors LP increased its holdings in shares of Neuberger Berman Municipal Fund by 3.8% in the first quarter. First Trust Advisors LP now owns 32,209 shares of the company’s stock valued at $428,000 after buying an additional 1,182 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at $550,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 4.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 82,757 shares of the company’s stock worth $1,099,000 after acquiring an additional 3,622 shares in 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.
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