Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) declared a monthly dividend on Tuesday, May 14th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.055 per share by the investment management company on Friday, May 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend is Tuesday, May 14th.
Neuberger Berman MLP Income Fund has decreased its dividend payment by an average of 11.3% per year over the last three years. Neuberger Berman MLP Income Fund has a payout ratio of -227.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Neuberger Berman MLP Income Fund stock opened at $7.76 on Wednesday. Neuberger Berman MLP Income Fund has a 1 year low of $6.06 and a 1 year high of $9.39.
Neuberger Berman MLP Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies. Neuberger Berman MLP Income Fund Inc was formed on November 16, 2012 and is domiciled in the United States.
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