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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) announced a monthly dividend on Friday, March 29th, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.0312 per share on Tuesday, April 30th. This represents a $0.37 dividend on an annualized basis and a yield of 11.21%. The ex-dividend date of this dividend is Friday, April 12th.

Neuberger Berman Real Estate Securities Income Fund has decreased its dividend by an average of 8.0% per year over the last three years.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.9 %

NYSEAMERICAN:NRO traded up $0.03 on Friday, reaching $3.34. 208,456 shares of the company’s stock were exchanged, compared to its average volume of 243,855. Neuberger Berman Real Estate Securities Income Fund has a 52-week low of $2.51 and a 52-week high of $3.45.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of large investors have recently made changes to their positions in the company. Stifel Financial Corp acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $32,000. United Capital Financial Advisers LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $34,000. Arete Wealth Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at approximately $47,000. Jane Street Group LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at approximately $55,000. Finally, Northern Trust Corp acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $56,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.