Neuberger Berman Intermediate Municipal Fund (NBH) has reached a new 52-week high, with its shares trading at $11.07. This milestone reflects the strong performance of the fund over the past year, marking a significant uptick in its market value. The 52-week high of $11.07 is a testament to the fund's resilience and strategic investment decisions, which have paid off in the form of increased investor confidence and share price appreciation. Over the past year, the fund has seen a substantial change, with a 6.76% increase in its value. This positive 1-year change data further underscores the fund's robust performance and its potential for continued growth in the future.
InvestingPro Insights
The recent achievement of Neuberger Berman Intermediate Municipal Fund (NBH) reaching a new 52-week high is indeed noteworthy. To provide further context to this performance, InvestingPro data highlights that NBH has experienced a revenue growth of 29.67% over the last twelve months as of Q2 2024, with an impressive quarterly revenue growth of 58.91% in Q2 2024. This financial growth has been achieved with a gross profit margin of 100%, indicating the fund's exceptional ability to manage its revenues against the cost of goods sold.
Moreover, the fund's commitment to shareholders is evident through its consistent dividend payments over the past 23 years, with a notable dividend yield of 5.92% as of 2024. Additionally, NBH's solid financial health is reflected in its ability to maintain liquid assets that exceed its short-term obligations, coupled with its profitability over the last twelve months. These financial strengths are encapsulated in the InvestingPro Tips, which also point out that the stock generally trades with low price volatility, suggesting a stable investment option for those averse to large market swings.
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