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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0377 per share on Wednesday, May 15th. This represents a $0.45 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, April 29th.

Neuberger Berman Municipal Fund Stock Down 0.0 %

Shares of NYSEAMERICAN:NBH traded down $0.01 during midday trading on Wednesday, hitting $10.12. 74,175 shares of the stock traded hands, compared to its average volume of 78,365. Neuberger Berman Municipal Fund has a one year low of $8.75 and a one year high of $10.80.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

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

About Neuberger Berman Municipal Fund

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.