Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) to Issue $0.06 Monthly Dividend

Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) declared a monthly dividend on Friday, January 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.055 per share by the investment management company on Friday, January 31st. This represents a $0.66 annualized dividend and a yield of 9.24%. The ex-dividend date of this dividend is Tuesday, January 14th.

Neuberger Berman MLP Income Fund has decreased its dividend by an average of 6.6% per year over the last three years.

Neuberger Berman MLP Income Fund stock opened at $7.14 on Monday. Neuberger Berman MLP Income Fund has a twelve month low of $6.12 and a twelve month high of $8.21.

In related news, Portfolio Manager Douglas A. Rachlin purchased 50,000 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $6.49 per share, with a total value of $324,500.00.

About Neuberger Berman MLP Income Fund

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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Dividend History for Neuberger Berman MLP Income Fund (NYSEAMERICAN:NML)

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