NBH (Neuberger Berman Municipal Fund) Dividend Payout Ratio: 0.59 (As of Oct. 2025) — 71% Below Median

What is Neuberger Berman Municipal Fund Dividend Payout Ratio?

Neuberger Berman Municipal Fund NBH +0.77% 58 Dividend Payout Ratio is 0.59 as of Oct. 2025, which is 71% below its 10-year median of 2.04. GuruFocus rates NBH with a GF Score™ of 58/100 and a GF Value™ of $12.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 931 Asset Management companies, Neuberger Berman Municipal Fund ranks worse than 93.77% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Neuberger Berman Municipal Fund's Dividend Payout Ratio for the months ended in Oct. 2025 was 0.59.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Neuberger Berman Municipal Fund Inc is 3.82, which seems too high.

The historical rank and industry rank for Neuberger Berman Municipal Fund's Dividend Payout Ratio or its related term are showing as below:

NBH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3 Med: 2.04 Max: 4.41
Current: 3.82

During the past 13 years, the highest Dividend Payout Ratio of Neuberger Berman Municipal Fund was 4.41. The lowest was 0.30. And the median was 2.04.

NBH's Dividend Payout Ratio is ranked worse than
93.77% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs NBH: 3.82

As of today (2026-06-29), the Dividend Yield % of Neuberger Berman Municipal Fund is 6.18%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Neuberger Berman Municipal Fund was 7.68%. The lowest was 4.30%. And the median was 5.06%.

Neuberger Berman Municipal Fund's Dividends per Share for the months ended in Oct. 2025 was $0.33.

During the past 12 months, Neuberger Berman Municipal Fund's average Dividends Per Share Growth Rate was 25.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -0.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -4.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Neuberger Berman Municipal Fund was 2.30% per year. The lowest was -13.20% per year. And the median was -0.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Neuberger Berman Municipal Fund (AMEX:NBH) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Neuberger Berman Municipal Fund Dividend Payout Ratio Related Terms

Neuberger Berman Municipal Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Neuberger Berman Municipal Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Neuberger Berman Municipal Fund Dividend Payout Ratio Chart

Neuberger Berman Municipal Fund Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Dividend Payout Ratio

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0.85

0.00

4.08

0.30

3.82

Neuberger Berman Municipal Fund Semi-Annual Data
	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.17	0.71	0.00	0.59

NBH vs MXF, AGD, TEI: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Neuberger Berman Municipal Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Neuberger Berman Municipal Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Municipal Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Municipal Fund's Dividend Payout Ratio falls into.

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58GF Score

Neuberger Berman Municipal Fund Inc NBH

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Neuberger Berman Municipal Fund Dividend Payout Ratio Calculation

Neuberger Berman Municipal Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2025 )	/	EPS without NRI (A: Oct. 2025 )
	=	0.65	/	0.17
	=	3.82

Neuberger Berman Municipal Fund's Dividend Payout Ratio for the quarter that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Oct. 2025 )	/	EPS without NRI (Q: Oct. 2025 )
	=	0.325	/	0.55
	=	0.59

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.59 mean?

Neuberger Berman Municipal Fund (NBH) has a Dividend Payout Ratio of 0.59 as of Oct. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Neuberger Berman Municipal Fund and its competitors. This is 71% below median its historical median of 2.04. Over the past decade, Neuberger Berman Municipal Fund's Dividend Payout Ratio has ranged from 0.30 to 4.41. According to the industry distribution chart, Neuberger Berman Municipal Fund ranks #873 out of 931 companies in the Asset Management industry, placing it in the top 93.8%.

Is Neuberger Berman Municipal Fund's Dividend Payout Ratio too high?

Neuberger Berman Municipal Fund's current Dividend Payout Ratio of 0.59 is 71% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 4.41. The Asset Management industry median Dividend Payout Ratio is 0.70. Neuberger Berman Municipal Fund's value of 0.59 is 15.7% below this industry median. Based on the distribution chart, Neuberger Berman Municipal Fund ranks #873 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Neuberger Berman Municipal Fund has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Neuberger Berman Municipal Fund's Dividend Payout Ratio compare to MXF and AGD?

According to the Asset Management industry distribution chart, Neuberger Berman Municipal Fund ranks #873 out of 931 companies for Dividend Payout Ratio. This places Neuberger Berman Municipal Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Neuberger Berman Municipal Fund's value of 0.59 is 15.7% below this benchmark. Historically, Neuberger Berman Municipal Fund's own Dividend Payout Ratio has ranged from 0.30 to 4.41 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 0.70, Neuberger Berman Municipal Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Neuberger Berman Municipal Fund's current Dividend Payout Ratio of 0.59 is 15.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Neuberger Berman Municipal Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Municipal Fund's current Dividend Payout Ratio is 0.59, which is 71% below median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Neuberger Berman Municipal Fund stock overvalued right now?

Based on GuruFocus' analysis, Neuberger Berman Municipal Fund (NBH) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.91, compared to a current price of $10.52 — trading 18.5% below its estimated fair value. The current Dividend Payout Ratio is 0.59, which is 71% below median its 10-year median of 2.04 and 15.7% below the Asset Management industry median of 0.70. Neuberger Berman Municipal Fund's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Neuberger Berman Municipal Fund (NBH), the current Dividend Payout Ratio is 0.59 as of Oct. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Neuberger Berman Municipal Fund (NBH) Overvalued in 2026?

Based on GuruFocus' analysis, Neuberger Berman Municipal Fund stock appears to be undervalued. The current stock price of $10.52 is trading 18.5% below its estimated GF Value™ of $12.91. GuruFocus considers Neuberger Berman Municipal Fund to be Modestly Undervalued.

Key valuation signals for NBH:

Dividend Payout Ratio: 0.59 (71% below median its 10-year median of 2.04)
GF Value™: $12.91 vs. price of $10.52 (18.5% below fair value)
GF Score™: 58/100 with 4 warning signs
Industry Position: 15.7% below the Asset Management median (#873 of 931)

No single metric tells the full story. See the NBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Neuberger Berman Municipal Fund Business Description

Industry Financial Services Asset Management

Comparable Companies MXF AGD TEI EFR BGT SSSS NCA RIV CFNBD CION BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002

Website https://www.nb.com

Neuberger Berman Municipal Fund Inc is a closed-end management investment company that invests mainly in municipal securities. The company aims to provide common stockholders a high level of current income exempt from Federal income tax.

58GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.52

Price

$12.91

GF Value

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