Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) announced a monthly dividend on Wednesday, February 20th, Wall Street Journal reports. Investors of record on Thursday, February 28th will be given a dividend of 0.0393 per share on Friday, March 15th. This represents a $0.47 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, February 27th.
Neuberger Berman New York Muncipl Fd has decreased its dividend payment by an average of 11.6% annually over the last three years.
NYSEAMERICAN:NBO opened at $11.69 on Thursday. Neuberger Berman New York Muncipl Fd has a 1-year low of $11.00 and a 1-year high of $11.92.
In other Neuberger Berman New York Muncipl Fd news, insider Stephen Blake Miller sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $11.27, for a total value of $25,357.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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About Neuberger Berman New York Muncipl Fd
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.
Further Reading: Dollar Cost Averaging
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