Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) fell 1.4% during mid-day trading on Monday . The stock traded as low as $10.13 and last traded at $10.17. 84,104 shares were traded during trading, a decline of 13% from the average session volume of 96,650 shares. The stock had previously closed at $10.31.
Neuberger Berman Municipal Fund Stock Down 1.4%
The stock’s 50 day moving average is $10.21 and its two-hundred day moving average is $10.29.
Neuberger Berman Municipal Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 6.4%.
Institutional Inflows and Outflows
About Neuberger Berman Municipal Fund
Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.
The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.
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