Neuberger Berman Intermediate Municipal Fund Inc. (NBH) stock has reached a new 52-week high, trading at $11.14 USD. This milestone reflects a significant recovery and investor confidence in the fund's performance. Over the past year, NBH has seen an impressive 9.91% change, indicating a robust turnaround and a positive trend for shareholders. The fund's climb to this 52-week high showcases its resilience and the growing appetite for municipal bond investments amid the current market conditions.
InvestingPro Insights
Neuberger Berman Intermediate Municipal Fund Inc. (NBH) has not only reached a new 52-week high but also presents a compelling case for investors looking for stability and income. According to InvestingPro data, the fund boasts a remarkable revenue growth of 29.67% in the last twelve months as of Q2 2024. This growth is further accentuated by a quarterly revenue surge of 58.91% in Q2 2024, signaling a strong upward trajectory in the fund's financial performance.
Investors may also find the fund's consistent dividend payments attractive, with a history of maintaining payouts for 23 consecutive years. The dividend yield stands at a generous 5.86%, as of the latest data. Moreover, InvestingPro Tips highlight the fund's low price volatility, which could appeal to risk-averse investors looking for a steady investment. Additionally, the fund's liquid assets surpassing short-term obligations suggest a sound liquidity position, which is reassuring for shareholders concerned about the fund's ability to meet its immediate financial commitments.
For investors seeking more detailed analysis and additional insights, there are further InvestingPro Tips available at https://www.investing.com/pro/NBH, which could provide a deeper understanding of NBH's investment potential.
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