Neuberger Ber. Intermediate Muni. Fund (NBH) Announces $0.07 Monthly Dividend
Neuberger Ber. Intermediate Muni. Fund (NYSEAMERICAN:NBH) announced a monthly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.0675 per share on Tuesday, January 16th. This represents a $0.81 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Thursday, December 28th.
Neuberger Ber. Intermediate Muni. Fund (NYSEAMERICAN:NBH) traded down $0.07 during mid-day trading on Monday, reaching $14.77. 84,886 shares of the company’s stock were exchanged, compared to its average volume of 34,416. Neuberger Ber. Intermediate Muni. Fund has a 12 month low of $14.61 and a 12 month high of $16.41.
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Neuberger Ber. Intermediate Muni. Fund Company Profile
Neuberger Berman Intermediate Municipal Fund Inc is a diversified, closed-end management investment company that invests primarily in municipal securities. The Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax. It invests approximately 80% of total assets in municipal bonds with remaining maturities of less than 15 years and seeks to maintain a dollar weighted average duration between 3 and 8 years.
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