SmarterDividends
NBH

Neuberger Berman Income Funds - Neuberger Municipal Fund (NBH) Dividend

Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. · Financial Services · Asset Management · monthly payer

$9.65

Overvalued · -16% Add to Portfolio

As of Nov 8, 2026, Neuberger Berman Income Funds - Neuberger Municipal Fund (NBH) pays a monthly dividend of $0.0540 per share, or $0.65 a year, a 6.74% yield at its $9.65 share price. It pays every month. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

6.74%

Annual Dividend

$0.65

Payout Ratio

94%

5-Yr Growth

-2.7%

Ex-Date

Oct 30, 2026

Frequency

Monthly

Key facts about NBH's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) has a forward dividend yield of 6.74%, based on an annual dividend of $0.65 per share and a share price of $9.65.
  • As of Nov 8, 2026, NBH's dividend safety grade from SmarterDividends is C (55 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
  • NBH last cut its regular dividend in 2023.
  • NBH's most recent ex-dividend date was Oct 30, 2026, for a dividend of $0.0540 per share.
  • As of Nov 8, 2026, NBH pays out 94% of its trailing 12-month earnings as dividends (its payout ratio).
  • NBH's dividend has shrunk at an average rate of 2.7% a year over the past five years.
  • As of Nov 8, 2026, NBH's 6.74% yield is 28% above its five-year average yield of 5.25%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NBH is $8.15 per share, 16% below the $9.65 share price, so NBH screens as overvalued.
  • Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) pays its dividend monthly, 12 times a year.
  • Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) has raised its regular dividend 4 times and cut it 7 times across the 287 payments on record since 2002. Its most recent change was a 42.1% increase to $0.0540 per share, going ex-dividend on Jul 31, 2024. The last cut went ex-dividend on Feb 27, 2023.
Cite this page

SmarterDividends, "NBH Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NBH

Is NBH a good dividend stock?

Mixed

Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) pays a monthly dividend yielding 6.74% ($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 (94%)
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    6.74%
    Payout Ratio
    94%
    Annual Dividend
    $0.65
    5-Yr Avg Growth
    -2.7%
    Ex-Dividend Date
    Oct 30, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.71
    Market Cap
    —
    P/E Ratio
    14.0
    5-Yr Total Return
    -40%
    52-Week Range
    $8.77 – $10.72
    Dividend Safety
    C · 55/100
    Ever Cut?
    Yes (2023)

    NBH dividend raises and cuts

    Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) has raised its regular dividend 4 times and cut it 7 times across the 287 payments on record since 2002. Its most recent change was a 42.1% increase to $0.0540 per share, going ex-dividend on Jul 31, 2024. The last cut went ex-dividend on Feb 27, 2023.

    Ex-dateChangeOld → newMove
    Jul 31, 2024Raise$0.0380 → $0.0540+42.1%
    Feb 27, 2023Cut$0.0500 → $0.0380−24.0%
    Apr 28, 2022Cut$0.0620 → $0.0500−19.4%
    Apr 27, 2018Cut$0.0680 → $0.0620−8.8%
    Feb 24, 2017Cut$0.0750 → $0.0680−9.3%
    Oct 29, 2014Raise$0.0700 → $0.0750+7.1%
    Dec 29, 2009Raise$0.0600 → $0.0700+16.7%
    Jul 29, 2009Raise$0.0540 → $0.0600+11.1%
    Aug 29, 2007Cut$0.0560 → $0.0540−3.6%
    Nov 28, 2006Cut$0.0620 → $0.0560−9.7%
    Jan 25, 2006Cut$0.0660 → $0.0620−6.1%
    Every NBH payment →Download every raise and cut (CSV)
    NBH ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →NBH dividend historyEvery payment, totals by year, raises and cutsView →NBH dividend calculator100 shares pay $65.00 a year, $5.42 each monthCalculate →NBH total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NBH a good dividend stock?

    Mixed. Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) pays a monthly dividend yielding 6.74% ($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.

    Is NBH undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NBH's fair value is about $8.15 versus a $9.65 share price — so it looks overvalued (-16% vs. fair value).

    Is NBH's dividend safe?

    NBH has a dividend-safety grade of C (55/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is NBH's fair value?

    Our blended fair-value estimate for NBH is about $8.15 per share, about 16% below the current $9.65 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NBH a buy, hold, or sell?

    We don't issue formal ratings, but on the data NBH screens as "mixed" and overvalued. Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) pays a monthly dividend yielding 6.74% ($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. This is research for your own analysis, not investment advice.

    Will NBH cut its dividend?

    NBH earns a dividend-safety grade of C (55/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NBH pay a dividend?

    Yes. Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. pays a monthly dividend of about $0.65 per share annually, a forward yield of roughly 6.74%.

    How much dividend does 100 shares of NBH pay?

    At $0.65 per share a year, 100 shares of NBH pay $65.00 a year in dividends before tax, about $5.42 each month. Buying them costs about $965 at the Nov 8, 2026 price.

    What is NBH's dividend yield?

    As of Nov 8, 2026, NBH's forward dividend yield is 6.74%, based on a $0.65 annual dividend and a $9.65 share price.

    What is NBH's dividend per share?

    As of Nov 8, 2026, NBH pays $0.65 per share per year, distributed on a monthly basis.

    What is NBH's dividend payout ratio?

    As of Nov 8, 2026, NBH's payout ratio is 94% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NBH grown its dividend?

    As of Nov 8, 2026, NBH has increased its dividend for 2 consecutive years.

    When is the next NBH ex-dividend date?

    As of Nov 8, 2026, NBH's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $0.0540 per share.

    Income Calculator

    At $0.65 / yr per share

    Per payment (monthly)$5.42
    Annual$65.00
    Monthly avg$5.42
    Full NBH dividend calculator →

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