Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.
NBHFinancial Services · Stock · monthly payer
Forward Yield
6.84%
Annual Dividend
$0.65
Payout Ratio
93%
5-Yr Growth
-2.7%
Ex-Date
Sep 30, 2026
Frequency
Monthly
Summary
As of September 2026, Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) yields 6.84% ($0.65 per share annually), with a blended fair-value estimate of $8.32 — -14% downside, so it screens as fairly valued. Dividend safety grade: C (55/100). 2 years of dividend growth.
Is NBH a good dividend stock?
MixedNeuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) pays a monthly dividend yielding 6.84% ($0.65/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (93%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.84%
- Payout Ratio
- 93%
- Annual Dividend
- $0.65
- 5-Yr Avg Growth
- -2.7%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.66
- Market Cap
- $276.0M
- P/E Ratio
- 13.3
- 5-Yr Total Return
- -37%
- 52-Week Range
- $9.45 – $10.72
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NBH Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+9%
5 Years
-37%
52-Week Range
$9.45 – $10.72
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NBH worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. is $8.32 per share, versus a market price of $9.62. That implies the stock is roughly fairly priced.
Fair Value
$8.32
Current Price
$9.62
Gap
-14%
Margin of Safety
-16%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.6% discount rate (CAPM), -2.7% stage-1 growth, 2.5% terminal growth, $0.70 EPS, $0.65 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NBH Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NBH dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0540 | regular |
| Jul 31, 2026 | — | $0.0540 | regular |
| Jun 30, 2026 | — | $0.0540 | regular |
| May 29, 2026 | — | $0.0540 | regular |
| Apr 30, 2026 | — | $0.0540 | regular |
| Mar 31, 2026 | — | $0.0540 | regular |
| Feb 27, 2026 | — | $0.0540 | regular |
| Jan 30, 2026 | — | $0.0540 | regular |
| Dec 31, 2025 | — | $0.0540 | regular |
| Nov 28, 2025 | — | $0.0540 | regular |
| Oct 31, 2025 | — | $0.0540 | regular |
| Sep 30, 2025 | — | $0.0540 | regular |
| Aug 29, 2025 | — | $0.0540 | regular |
| Jul 31, 2025 | — | $0.0540 | regular |
Income Calculator
At $0.65 / yr per share
Similar Dividend Stocks
Compare NBH
Explore more
Lists and tools related to NBH
- Monthly dividend stocks →
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →