Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.0393 per share on Wednesday, May 15th. This represents a $0.47 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Monday, April 29th.
Neuberger Berman New York Muncipl Fd has decreased its dividend by an average of 11.6% annually over the last three years.
Shares of NYSEAMERICAN NBO traded down $0.02 during trading hours on Tuesday, hitting $12.21. 23,694 shares of the stock were exchanged, compared to its average volume of 14,957. Neuberger Berman New York Muncipl Fd has a 12 month low of $11.00 and a 12 month high of $12.85.
Neuberger Berman New York Municipal Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Management LLC. The fund is co-managed by Neuberger Berman LLC. It invests in the fixed income markets of the United States. The fund primarily invests in tax-exempt municipal bonds with remaining maturities of less than 15 years.
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