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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) declared a monthly dividend on Monday, August 17th. Investors of record on Monday, August 31st will be given a dividend of 0.0542 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, August 31st.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN NBH opened at $10.34 on Tuesday. The firm has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.34. Neuberger Berman Municipal Fund has a 52-week low of $9.76 and a 52-week high of $10.72.

Insider Buying and Selling at Neuberger Berman Municipal Fund

In other news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider directly owned 3,200 shares in the company, valued at $32,832. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently made changes to their positions in NBH. Pathstone Holdings LLC raised its stake in Neuberger Berman Municipal Fund by 14.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after buying an additional 175,923 shares during the period. Advisors Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 30.9% during the fourth quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after acquiring an additional 174,032 shares in the last quarter. Bank of America Corp DE acquired a new position in Neuberger Berman Municipal Fund in the second quarter valued at about $1,764,000. Worthington Financial Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the fourth quarter worth about $1,445,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 15.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock worth $9,433,000 after acquiring an additional 121,226 shares in the last quarter.

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.