Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) to Issue Monthly Dividend of $0.05

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0542 per share on Monday, March 17th. This represents a $0.65 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Friday, February 28th.

Neuberger Berman Municipal Fund Trading Down 0.1 %

NYSEAMERICAN:NBH opened at $10.68 on Wednesday. Neuberger Berman Municipal Fund has a fifty-two week low of $10.03 and a fifty-two week high of $11.41.

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.