Neuberger Berman Municipal Fund Inc. (NBH) to Issue Monthly Dividend of $0.04 on May 15th

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors 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 yield of 4.48%. The ex-dividend date of this dividend is Monday, April 29th.

Neuberger Berman Municipal Fund Stock Down 0.0 %

NYSEAMERICAN:NBH traded down $0.01 during trading hours on Wednesday, hitting $10.12. 74,175 shares of the company were exchanged, 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.

Institutional Trading of Neuberger Berman Municipal Fund

A number of large investors have recently bought and sold shares of NBH. UBS Group AG grew its stake in shares of Neuberger Berman Municipal Fund by 101.8% in the 4th quarter. UBS Group AG now owns 452,724 shares of the company’s stock valued at $4,686,000 after buying an additional 228,410 shares during the period. Morgan Stanley grew its stake in shares of Neuberger Berman Municipal Fund by 81.6% in the 4th quarter. Morgan Stanley now owns 332,574 shares of the company’s stock valued at $3,465,000 after buying an additional 149,438 shares during the period. Rivernorth Capital Management LLC grew its stake in shares of Neuberger Berman Municipal Fund by 127.9% in the 2nd quarter. Rivernorth Capital Management LLC now owns 314,315 shares of the company’s stock valued at $3,231,000 after buying an additional 176,427 shares during the period. Guggenheim Capital LLC grew its stake in shares of Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Guggenheim Capital LLC now owns 241,655 shares of the company’s stock valued at $3,209,000 after buying an additional 59,722 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Neuberger Berman Municipal Fund by 7.4% in the 1st quarter. Bank of America Corp DE now owns 181,248 shares of the company’s stock valued at $2,407,000 after buying an additional 12,503 shares during the period.

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.