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NRO

Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund (NRO) Dividend

Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. · Financial Services · Asset Management · monthly payer

$2.67

Undervalued · +40% Add to Portfolio

As of Nov 14, 2026, Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund (NRO) pays a monthly dividend of $0.0310 per share, or $0.37 a year, a 12.32% yield at its $2.67 share price. It pays every month. It has a dividend safety grade of C.

Forward Yield

12.32%

Annual Dividend

$0.37

Payout Ratio

104%

5-Yr Growth

-4.1%

Ex-Date

Jul 15, 2026

Frequency

Monthly

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Key facts about NRO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 14, 2026, Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) has a forward dividend yield of 12.32%, based on an annual dividend of $0.37 per share and a share price of $2.67.
  • As of Nov 14, 2026, NRO's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • NRO last cut its regular dividend in 2021.
  • NRO's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0310 per share.
  • As of Nov 14, 2026, NRO pays out 104% of its trailing 12-month earnings as dividends (its payout ratio).
  • NRO's dividend has shrunk at an average rate of 4.1% a year over the past five years.
  • As of Nov 14, 2026, NRO's 12.32% yield is 21% above its five-year average yield of 10.15%.
  • As of Nov 14, 2026, SmarterDividends' blended fair-value estimate for NRO is $3.74 per share, 40% above the $2.67 share price, so NRO screens as undervalued.
  • Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) pays its dividend monthly, 12 times a year.
  • Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) has raised its regular dividend 5 times and cut it 4 times across the 277 payments on record since 2003. Its most recent change was a 4.8% increase to $0.0310 per share, going ex-dividend on Feb 6, 2025. The last cut went ex-dividend on Jan 14, 2021.
Cite this page

SmarterDividends, "NRO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 14, 2026, https://smarterdividends.com/stocks/NRO

Is NRO a good dividend stock?

Yes, with caveats

Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) pays a monthly dividend yielding 12.32% ($0.37/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2021
    • Elevated payout ratio (104%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    12.32%
    Payout Ratio
    104%
    Annual Dividend
    $0.37
    5-Yr Avg Growth
    -4.1%
    Ex-Dividend Date
    Jul 15, 2026
    Years of Growth
    1
    Frequency
    monthly
    Beta
    1.10
    Market Cap
    $169.2M
    P/E Ratio
    7.4
    5-Yr Total Return
    -43%
    52-Week Range
    $2.48 – $3.13
    Dividend Safety
    C · 59/100
    Ever Cut?
    Yes (2021)

    NRO dividend raises and cuts

    Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) has raised its regular dividend 5 times and cut it 4 times across the 277 payments on record since 2003. Its most recent change was a 4.8% increase to $0.0310 per share, going ex-dividend on Feb 6, 2025. The last cut went ex-dividend on Jan 14, 2021.

    Ex-dateChangeOld → newMove
    Feb 6, 2025Raise$0.0296 → $0.0310+4.8%
    Jan 14, 2021Cut$0.0382 → $0.0296−22.5%
    Nov 14, 2018Cut$0.0429 → $0.0382−11.1%
    Jun 13, 2017Raise$0.0382 → $0.0429+12.5%
    Aug 11, 2016Raise$0.0286 → $0.0382+33.3%
    Nov 13, 2014Raise$0.0191 → $0.0286+50.0%
    Jun 11, 2009Cut$0.0363 → $0.0191−47.4%
    Jan 12, 2009Cut$0.146 → $0.0363−75.2%
    May 11, 2007Raise$0.0954 → $0.146+53.0%
    Every NRO payment →Download every raise and cut (CSV)
    NRO ex-dividend date & scheduleNext ex-date Jul 15, 2026 · full ex-dividend historyView →NRO dividend historyEvery payment, totals by year, raises and cutsView →NRO dividend calculator100 shares pay $37.00 a year, $3.08 each monthCalculate →NRO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NRO a good dividend stock?

    Yes, with caveats. Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) pays a monthly dividend yielding 12.32% ($0.37/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is NRO undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NRO's fair value is about $3.74 versus a $2.67 share price — so it looks undervalued (+40% vs. fair value).

    Is NRO's dividend safe?

    NRO has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is NRO's fair value?

    Our blended fair-value estimate for NRO is about $3.74 per share, roughly 40% above the current $2.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NRO a buy, hold, or sell?

    We don't issue formal ratings, but on the data NRO screens as "yes, with caveats" and undervalued. Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) pays a monthly dividend yielding 12.32% ($0.37/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will NRO cut its dividend?

    NRO earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NRO pay a dividend?

    Yes. Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. pays a monthly dividend of about $0.37 per share annually, a forward yield of roughly 12.32%.

    How much dividend does 100 shares of NRO pay?

    At $0.37 per share a year, 100 shares of NRO pay $37.00 a year in dividends before tax, about $3.08 each month. Buying them costs about $267 at the Nov 14, 2026 price.

    What is NRO's dividend yield?

    As of Nov 14, 2026, NRO's forward dividend yield is 12.32%, based on a $0.37 annual dividend and a $2.67 share price.

    What is NRO's dividend per share?

    As of Nov 14, 2026, NRO pays $0.37 per share per year, distributed on a monthly basis.

    What is NRO's dividend payout ratio?

    As of Nov 14, 2026, NRO's payout ratio is 104% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NRO grown its dividend?

    As of Nov 14, 2026, NRO has increased its dividend for 1 consecutive years.

    When is the next NRO ex-dividend date?

    As of Nov 14, 2026, NRO's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0310 per share.

    Income Calculator

    At $0.37 / yr per share

    Per payment (monthly)$3.08
    Annual$37.00
    Monthly avg$3.08
    Full NRO dividend calculator →

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