Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) to Issue Monthly Dividend of $0.06 on October 31st

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) announced a monthly dividend on Tuesday, September 30th. Investors of record on Wednesday, October 15th will be paid a dividend of 0.0584 per share by the investment management company on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NML stock opened at $8.19 on Monday. The company’s fifty day simple moving average is $8.62 and its two-hundred day simple moving average is $8.60. Neuberger Berman Energy Infrastructure and Income Fund has a 1 year low of $7.10 and a 1 year high of $9.51.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC grew its stake in Neuberger Berman Energy Infrastructure and Income Fund by 108.0% during the second quarter. Wolverine Asset Management LLC now owns 414,695 shares of the investment management company’s stock valued at $3,732,000 after acquiring an additional 215,348 shares in the last quarter. Cornerstone Advisors LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter worth approximately $1,546,000. Advisors Asset Management Inc. boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 16.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,229,519 shares of the investment management company’s stock valued at $11,066,000 after purchasing an additional 170,873 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter valued at $1,081,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the second quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock worth $1,503,000 after purchasing an additional 119,226 shares during the period.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and 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.