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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) announced a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.0542 per share on Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Tuesday, December 31st.

Neuberger Berman Municipal Fund Trading Down 1.3 %

Neuberger Berman Municipal Fund stock traded down $0.14 during midday trading on Tuesday, reaching $10.47. The company’s stock had a trading volume of 238,683 shares, compared to its average volume of 78,435. Neuberger Berman Municipal Fund has a 52-week low of $10.03 and a 52-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.