Neuberger Berman New York Municipal Fund, Inc. (NYSEAMERICAN:NBO) Announces Monthly Dividend of $0.04

Neuberger Berman New York Municipal Fund, Inc. (NYSEAMERICAN:NBOGet Rating) announced a monthly dividend on Friday, June 17th, Wall Street Journal reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.0393 per share on Friday, July 15th. This represents a $0.47 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Wednesday, June 29th.

NYSEAMERICAN:NBO traded up $0.01 during trading hours on Friday, reaching $9.55. The stock had a trading volume of 8,872 shares, compared to its average volume of 10,672. Neuberger Berman New York Municipal Fund has a 12-month low of $9.42 and a 12-month high of $13.60.

A number of large investors have recently added to or reduced their stakes in NBO. UBS Group AG boosted its stake in Neuberger Berman New York Municipal Fund by 50.8% during the third quarter. UBS Group AG now owns 110,210 shares of the company’s stock valued at $1,448,000 after buying an additional 37,121 shares during the period. Royal Bank of Canada bought a new stake in Neuberger Berman New York Municipal Fund during the second quarter valued at $91,000. Bank of America Corp DE boosted its stake in Neuberger Berman New York Municipal Fund by 76.4% during the fourth quarter. Bank of America Corp DE now owns 15,725 shares of the company’s stock valued at $204,000 after buying an additional 6,812 shares during the period. Raymond James & Associates boosted its stake in Neuberger Berman New York Municipal Fund by 46.6% during the first quarter. Raymond James & Associates now owns 19,832 shares of the company’s stock valued at $230,000 after buying an additional 6,300 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Neuberger Berman New York Municipal Fund by 2.2% during the first quarter. Guggenheim Capital LLC now owns 119,438 shares of the company’s stock valued at $1,385,000 after buying an additional 2,626 shares during the period.

About Neuberger Berman New York Municipal Fund (Get Rating)

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.

See Also

Dividend History for Neuberger Berman New York Municipal Fund (NYSEAMERICAN:NBO)

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