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 Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.0542 per share on Tuesday, February 18th. This represents a $0.65 annualized dividend and a yield of 6.26%. The ex-dividend date is Friday, January 31st.

Neuberger Berman Municipal Fund Trading Up 0.3 %

Shares of NBH traded up $0.03 during midday trading on Thursday, reaching $10.38. The stock had a trading volume of 224,704 shares, compared to its average volume of 124,430. Neuberger Berman Municipal Fund has a 12-month low of $10.03 and a 12-month 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.