Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Plans $0.04 Monthly Dividend

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Wednesday, April 17th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.0377 per share on Wednesday, May 15th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Monday, April 29th.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock remained flat at $10.13 on Wednesday. The company had a trading volume of 63,495 shares, compared to its average volume of 78,164. Neuberger Berman Municipal Fund has a one year low of $8.75 and a one year high of $10.80.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of Neuberger Berman Municipal Fund by 101.8% during the fourth quarter. UBS Group AG now owns 452,724 shares of the company’s stock valued at $4,686,000 after buying an additional 228,410 shares during the last quarter. Morgan Stanley grew its stake in shares of Neuberger Berman Municipal Fund by 81.6% during the fourth quarter. Morgan Stanley now owns 332,574 shares of the company’s stock valued at $3,465,000 after buying an additional 149,438 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of Neuberger Berman Municipal Fund by 127.9% during the second quarter. Rivernorth Capital Management LLC now owns 314,315 shares of the company’s stock valued at $3,231,000 after buying an additional 176,427 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Neuberger Berman Municipal Fund by 32.8% during the first quarter. Guggenheim Capital LLC now owns 241,655 shares of the company’s stock valued at $3,209,000 after buying an additional 59,722 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Neuberger Berman Municipal Fund by 7.4% during the first quarter. Bank of America Corp DE now owns 181,248 shares of the company’s stock valued at $2,407,000 after buying an additional 12,503 shares during 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.