Neuberger Berman NY Intrmdt Mncpl Fd Inc (NBO) to Issue Monthly Dividend of $0.04
Neuberger Berman NY Intrmdt Mncpl Fd Inc (NYSE:NBO) declared a monthly dividend on Wednesday, August 16th, Wall Street Journal reports. Shareholders of record on Thursday, August 31st will be given a dividend of 0.0437 per share on Friday, September 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Tuesday, August 29th.
Neuberger Berman NY Intrmdt Mncpl Fd has decreased its dividend by an average of 7.8% annually over the last three years.
Neuberger Berman NY Intrmdt Mncpl Fd (NBO) traded up 0.39% on Wednesday, reaching $12.83. 17,789 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.66. Neuberger Berman NY Intrmdt Mncpl Fd has a one year low of $12.13 and a one year high of $14.68.
In related news, insider James Iselin purchased 2,500 shares of Neuberger Berman NY Intrmdt Mncpl Fd stock in a transaction dated Thursday, June 1st. The shares were acquired at an average price of $12.76 per share, for a total transaction of $31,900.00. Following the acquisition, the insider now directly owns 2,600 shares in the company, valued at $33,176. The purchase was disclosed in a filing with the SEC, which is available through this link.
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Neuberger Berman NY Intrmdt Mncpl Fd Company Profile
Neuberger Berman New York Intermediate Municipal Fund Inc is a non-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 and a high level of current income exempt from the New York and New York City personal income tax.
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