Neuberger Berman Real Estate Securities Income Fund Inc. Plans Monthly Dividend of $0.03 (NYSEAMERICAN:NRO)

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0312 per share on Monday, March 31st. This represents a $0.37 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date is Monday, March 17th.

Neuberger Berman Real Estate Securities Income Fund has raised its dividend payment by an average of 53.2% per year over the last three years.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NRO traded down $0.02 during trading hours on Tuesday, hitting $3.39. 396,156 shares of the company’s stock were exchanged, compared to its average volume of 364,831. Neuberger Berman Real Estate Securities Income Fund has a 1-year low of $2.99 and a 1-year high of $4.15.

About Neuberger Berman Real Estate Securities Income Fund

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.