Neuberger Berman California Municipal Fund Inc. to Issue Monthly Dividend of $0.05 (NYSE:NBW)

Neuberger Berman California Municipal Fund Inc. (NYSE:NBW) declared a monthly dividend on Monday, June 15th, Zacks reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.045 per share on Wednesday, July 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, June 29th.

Shares of NBW stock opened at $12.93 on Friday. The stock’s 50 day simple moving average is $12.66. Neuberger Berman California Municipal Fund has a 1-year low of $10.28 and a 1-year high of $14.81.

Neuberger Berman California Municipal Fund Company Profile

Neuberger Berman California Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and California state personal tax.

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