Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.04 per share on Tuesday, April 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date is Friday, April 12th.
Neuberger Berman Real Estate Sec Inc Fd has increased its dividend payment by an average of 20.9% per year over the last three years.
NRO opened at $4.86 on Wednesday. Neuberger Berman Real Estate Sec Inc Fd has a 12-month low of $3.85 and a 12-month high of $5.27.
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Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.
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