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Neuberger Berman California Intermediate Municipal Fund

AMEX:NBW
Snowflake Description

Second-rate dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NBW
AMEX
$72M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Neuberger Berman California Intermediate Municipal Fund Inc. The last earnings update was 287 days ago. More info.


Add to Portfolio Compare Print
  • Neuberger Berman California Intermediate Municipal Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
NBW Share Price and Events
7 Day Returns
-0.6%
AMEX:NBW
1.5%
US Capital Markets
0.2%
US Market
1 Year Returns
2.7%
AMEX:NBW
-7.6%
US Capital Markets
6.3%
US Market
NBW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Neuberger Berman California Intermediate Municipal Fund (NBW) -0.6% 0.9% 4.1% 2.7% -19.5% -15.8%
US Capital Markets 1.5% 3.5% 3.5% -7.6% 54.5% 69.4%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • NBW outperformed the Capital Markets industry which returned -7.6% over the past year.
  • NBW underperformed the Market in United States of America which returned 6.3% over the past year.

Value

 Is Neuberger Berman California Intermediate Municipal Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Neuberger Berman California Intermediate Municipal Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Neuberger Berman California Intermediate Municipal Fund.

AMEX:NBW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $15.34 * 4.2%
$0.64
Book Value of Equity per Share Median Book Value from the past 5 years. $15.34
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:NBW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (81.36%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for AMEX:NBW using Excess Returns Model Model

The calculations below outline how an intrinsic value for Neuberger Berman California Intermediate Municipal Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:NBW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.2% – 9.25%) * $15.34)
$-0.78
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.78 / (9.25% - 2.73%)
$-11.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.34 + $-11.95
$3.39
AMEX:NBW Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.39
Current discount Discount to share price of $13.06
= -1 x ($13.06 - $3.39) / $3.39
-285.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Neuberger Berman California Intermediate Municipal Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Neuberger Berman California Intermediate Municipal Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Neuberger Berman California Intermediate Municipal Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:NBW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-04-30) in USD $0.26
AMEX:NBW Share Price ** AMEX (2019-04-18) in USD $13.06
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Neuberger Berman California Intermediate Municipal Fund.

AMEX:NBW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:NBW Share Price ÷ EPS (both in USD)

= 13.06 ÷ 0.26

49.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Neuberger Berman California Intermediate Municipal Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Neuberger Berman California Intermediate Municipal Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Neuberger Berman California Intermediate Municipal Fund's expected growth come at a high price?
Raw Data
AMEX:NBW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 49.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.36x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Neuberger Berman California Intermediate Municipal Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Neuberger Berman California Intermediate Municipal Fund's assets?
Raw Data
AMEX:NBW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-04-30) in USD $14.71
AMEX:NBW Share Price * AMEX (2019-04-18) in USD $13.06
United States of America Capital Markets Industry PB Ratio Median Figure of 167 Publicly-Listed Capital Markets Companies 6.35x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
AMEX:NBW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:NBW Share Price ÷ Book Value per Share (both in USD)

= 13.06 ÷ 14.71

0.89x

* Primary Listing of Neuberger Berman California Intermediate Municipal Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Neuberger Berman California Intermediate Municipal Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Neuberger Berman California Intermediate Municipal Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Neuberger Berman California Intermediate Municipal Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Neuberger Berman California Intermediate Municipal Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Neuberger Berman California Intermediate Municipal Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Neuberger Berman California Intermediate Municipal Fund expected to grow at an attractive rate?
  • Unable to compare Neuberger Berman California Intermediate Municipal Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Neuberger Berman California Intermediate Municipal Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Neuberger Berman California Intermediate Municipal Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:NBW Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:NBW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:NBW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-04-30 6 1
2018-01-31 6 1
2017-10-31 6 1
2017-07-31 6 0
2017-04-30 6 0
2017-01-31 6 3
2016-10-31 6 6
2016-07-31 6 6
2016-04-30 5 7
2016-01-31 5 5
2015-10-31 5 4
2015-07-31 5 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Neuberger Berman California Intermediate Municipal Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Neuberger Berman California Intermediate Municipal Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:NBW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Neuberger Berman California Intermediate Municipal Fund Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:NBW Past Financials Data
Date (Data in USD Millions) EPS *
2018-04-30 0.26
2018-01-31 0.23
2017-10-31 0.19
2017-07-31 0.06
2017-04-30 -0.07
2017-01-31 0.52
2016-10-31 1.11
2016-07-31 1.16
2016-04-30 1.22
2016-01-31 0.93
2015-10-31 0.64
2015-07-31 0.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Neuberger Berman California Intermediate Municipal Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Neuberger Berman California Intermediate Municipal Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Neuberger Berman California Intermediate Municipal Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Neuberger Berman California Intermediate Municipal Fund performed over the past 5 years?

  • Neuberger Berman California Intermediate Municipal Fund's last earnings update was 287 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Neuberger Berman California Intermediate Municipal Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Neuberger Berman California Intermediate Municipal Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Neuberger Berman California Intermediate Municipal Fund has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Neuberger Berman California Intermediate Municipal Fund has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Neuberger Berman California Intermediate Municipal Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Neuberger Berman California Intermediate Municipal Fund Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:NBW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-04-30 5.55 1.45 1.06
2018-01-31 5.61 1.26 1.06
2017-10-31 5.66 1.06 1.05
2017-07-31 5.67 0.32 1.08
2017-04-30 5.67 -0.42 1.11
2017-01-31 5.62 2.88 1.13
2016-10-31 5.57 6.17 1.15
2016-07-31 5.52 6.45 1.12
2016-04-30 5.47 6.74 1.10
2016-01-31 5.46 5.14 1.09
2015-10-31 5.45 3.55 1.09
2015-07-31 5.42 5.36 1.09
2015-04-30 5.39 7.16 1.09
2015-01-31 5.40 8.75 1.11
2014-10-31 5.41 10.34 1.13
2014-07-31 5.48 5.09 1.16
2014-04-30 5.54 -0.16 1.19
2014-01-31 5.56 -1.67 1.20
2013-10-31 5.59 -3.19 1.21
2013-07-31 5.67 1.13 1.19
2013-04-30 5.75 5.44 1.18
2013-01-31 5.89 7.07 1.16
2012-10-31 6.03 8.70 1.15
2012-07-31 6.17 9.54 1.13
2012-04-30 6.30 10.38 1.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Neuberger Berman California Intermediate Municipal Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Neuberger Berman California Intermediate Municipal Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Neuberger Berman California Intermediate Municipal Fund has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Neuberger Berman California Intermediate Municipal Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Neuberger Berman California Intermediate Municipal Fund has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Neuberger Berman California Intermediate Municipal Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Neuberger Berman California Intermediate Municipal Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Neuberger Berman California Intermediate Municipal Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Neuberger Berman California Intermediate Municipal Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Neuberger Berman California Intermediate Municipal Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Neuberger Berman California Intermediate Municipal Fund Company Filings, last reported 11 months ago.

AMEX:NBW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-04-30 81.82 58.97 0.06
2018-01-31 81.82 58.97 0.06
2017-10-31 84.59 58.95 0.08
2017-07-31 84.59 58.95 0.08
2017-04-30 83.70 58.94 0.04
2017-01-31 83.70 58.94 0.04
2016-10-31 87.09 59.00 0.07
2016-07-31 87.09 59.00 0.07
2016-04-30 87.97 59.00 0.09
2016-01-31 87.97 59.00 0.09
2015-10-31 85.06 59.00 0.01
2015-07-31 85.06 59.00 0.01
2015-04-30 85.57 59.00 0.39
2015-01-31 85.57 59.00 0.39
2014-10-31 85.90 59.00
2014-07-31 85.90 59.00
2014-04-30 141.82 0.00 0.15
2014-01-31 141.82 0.00 0.15
2013-10-31 139.00 0.00 0.18
2013-07-31 139.00 0.00 0.18
2013-04-30 146.43 0.00 0.03
2013-01-31 146.43 0.00 0.03
2012-10-31 146.54 0.00 0.09
2012-07-31 146.54 0.00 0.09
2012-04-30 145.21 0.00 0.46
  • Neuberger Berman California Intermediate Municipal Fund's level of debt (72.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 72.1% today).
  • Unable to verify if debt is well covered by operating cash flow as Neuberger Berman California Intermediate Municipal Fund has not reported sufficient balance sheet data.
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Neuberger Berman California Intermediate Municipal Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Neuberger Berman California Intermediate Municipal Fund has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Neuberger Berman California Intermediate Municipal Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.12%
Current annual income from Neuberger Berman California Intermediate Municipal Fund dividends.
If you bought $2,000 of Neuberger Berman California Intermediate Municipal Fund shares you are expected to receive $82 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Neuberger Berman California Intermediate Municipal Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Neuberger Berman California Intermediate Municipal Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Upcoming dividend payment

Purchase Neuberger Berman California Intermediate Municipal Fund before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:NBW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:NBW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.538 4.155
2019-01-15 0.538 4.284
2018-12-17 0.538 4.389
2018-11-16 0.538 4.433
2018-10-15 0.538 4.462
2018-09-17 0.538 4.341
2018-08-15 0.538 4.253
2018-07-16 0.538 4.278
2018-06-15 0.538 4.283
2018-05-15 0.538 4.259
2018-04-16 0.538 4.241
2018-03-15 0.614 4.765
2018-02-15 0.614 4.684
2018-01-16 0.614 4.540
2017-12-15 0.614 4.479
2017-11-15 0.614 4.448
2017-10-16 0.614 4.387
2017-09-15 0.614 4.329
2017-08-16 0.614 4.267
2017-07-17 0.614 4.285
2017-06-15 0.614 4.308
2017-05-15 0.614 4.304
2017-04-17 0.614 4.297
2017-03-15 0.614 4.390
2017-02-15 0.614 4.340
2017-01-17 0.744 4.996
2016-12-15 0.744 5.130
2016-11-15 0.744 5.171
2016-10-17 0.744 4.813
2016-09-15 0.744 4.510
2016-08-15 0.744 4.388
2016-07-15 0.744 4.389
2016-06-15 0.744 4.541
2016-05-16 0.744 4.632
2016-04-15 0.744 4.553
2016-03-15 0.816 4.979
2016-02-17 0.816 5.042
2016-01-15 0.816 5.104
2015-12-15 0.816 5.212
2015-11-17 0.816 5.431
2015-10-16 0.816 5.388
2015-09-15 0.816 5.570
2015-08-17 0.816 5.672
2015-07-15 0.816 5.618
2015-06-15 0.816 5.539
2015-05-15 0.816 5.224
2015-04-16 0.816 4.993
2015-03-16 0.816 5.078
2015-02-17 0.816 5.148
2015-01-15 0.816 5.170
2014-12-16 0.816 5.067
2014-11-17 0.816 5.270
2014-10-15 0.816 5.287
2014-09-15 0.816 5.397
2014-08-15 0.816 5.385
2014-07-15 0.816 5.328
2014-06-16 0.816 5.320
2014-05-15 0.816 5.342
2014-04-15 0.816 5.381
2014-03-18 0.816 5.476
2014-02-18 0.816 5.550
2014-01-15 0.816 5.626
2013-12-16 0.816 5.824
2013-11-15 0.816 5.931
2013-10-15 0.816 5.722
2013-09-16 0.816 5.735
2013-08-15 0.816 5.945
2013-07-15 0.816 5.730
2013-06-17 0.816 5.660
2013-05-15 0.816 5.328
2013-04-15 0.816 5.086
2013-03-15 0.816 5.218
2013-02-15 0.816 5.177
2013-01-15 0.816 5.080
2012-12-17 0.816 5.148
2012-10-15 0.816 4.920
2012-09-17 0.816 4.941
2012-08-15 0.816 5.051
2012-07-16 0.816 4.885
2012-06-15 0.816 5.010
2012-05-15 0.816 5.067
2012-04-16 0.816 5.007
2012-03-15 0.816 5.244
2012-02-15 0.816 5.234
2012-01-17 0.816 5.175
2011-12-15 0.816 5.326
2011-11-15 0.816 5.377
2011-10-17 0.816 5.525
2011-09-15 0.816 5.483
2011-08-15 0.816 5.605
2011-07-15 0.816 5.779
2011-06-15 0.816 5.758
2011-05-16 0.816 5.843
2011-03-15 0.816 5.898
2011-02-15 0.816 5.931
2011-01-18 0.816 5.926
2010-12-15 0.816 5.781
2010-11-15 0.816 5.823
2010-10-15 0.816 5.620
2010-09-15 0.816 5.498
2010-08-16 0.816 5.471
2010-07-15 0.816 5.601
2010-06-15 0.816 5.804
2010-05-17 0.816 5.897
2010-04-15 0.816 5.832
2010-03-15 0.816 5.971
2010-02-12 0.816 6.080
2010-01-15 0.816 6.113
2009-12-10 0.816 6.141
2009-11-16 0.708 5.368
2009-10-15 0.708 5.278
2009-09-15 0.708 5.149
2009-08-17 0.708 5.460
2009-06-25 0.708 5.708
2009-06-15 0.640 5.362
2009-05-15 0.640 5.097
2009-04-20 0.640 5.099

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Neuberger Berman California Intermediate Municipal Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Neuberger Berman California Intermediate Municipal Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Neuberger Berman California Intermediate Municipal Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Neuberger Berman California Intermediate Municipal Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Neuberger Berman California Intermediate Municipal Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Conti
COMPENSATION $0
AGE 62
CEO Bio

Mr. Robert John Conti, also known as Bobby, has been the Chief Executive Officer and President of Neuberger Berman BD LLC since 2008. Mr. Conti has been a Managing Director at Neuberger Berman LLC since 2007. He serves as President and Chief Executive Officer of various funds in the fund complex of Neuberger Berman Funds. He has been an Employee of Neuberger Berman since 1980. He served as Vice President at General Electric Capital Corp. since 2004. Mr. Conti served as a Controller of NB Management until 1996, Investment Manager since 2002, Administrator since 2003 and Treasurer from 1996 to 1999. He served as a Senior Vice President at Neuberger Berman from 2003 to 2006 and Vice President from 1999 to 2003. He served as Vice President of sixteen registered investment companies for which NB Management acts as investment manager and administrator and Vice President of one registered investment company for which NB Management acts as investment adviser since 2006. He served as Chief Executive Officer, President, Trustee and Member of Executive Committee at Neuberger Berman Advisers Management Trust - Small Cap Growth Portfolio. Mr. Conti served a variety of positions in connection with Neuberger Berman's mutual funds business. He served as an Executive Vice President at Neuberger Berman's mutual funds. He serves as a Director and Trustee of 53 funds in the fund complex of Neuberger Berman Funds. He has been the Chairman of the Board of Staten Island Mental Health Society since 2008.

CEO Compensation
  • Insufficient data for Robert to compare compensation growth.
  • Insufficient data for Robert to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Robert Conti

TITLE
Chief Executive Officer
AGE
62

John McGovern

TITLE
Principal Financial Officer
AGE
48

Chamaine Williams

TITLE
Chief Compliance Officer
AGE
47

Andrew Allard

TITLE
Chief Legal Officer and Anti-Money Laundering Compliance Officer
AGE
57

Claudia Brandon

TITLE
Executive Vice President and Secretary
AGE
62

Brian Kerrane

TITLE
Vice President
AGE
49

Owen McEntee

TITLE
Vice President
AGE
57

Agnes Diaz

TITLE
Vice President
AGE
47

Kevin Lyons

TITLE
Assistant Secretary
AGE
63

Sheila James

TITLE
Assistant Secretary
AGE
53
Board of Directors Tenure

Average tenure and age of the Neuberger Berman California Intermediate Municipal Fund board of directors in years:

12.2
Average Tenure
69
Average Age
  • The average tenure for the Neuberger Berman California Intermediate Municipal Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tom Seip

TITLE
Non-Executive Chairman
COMPENSATION
$21K
AGE
68
TENURE
10.3 yrs

Robert Conti

TITLE
Chief Executive Officer
AGE
62
TENURE
11.3 yrs

Faith Colish

TITLE
Independent Director
COMPENSATION
$18K
AGE
83
TENURE
17.3 yrs

Candace Straight

TITLE
Independent Director
COMPENSATION
$18K
AGE
70
TENURE
17.3 yrs

George Morriss

TITLE
Independent Director
COMPENSATION
$18K
AGE
71
TENURE
12.2 yrs

Michael Knetter

TITLE
Independent Director
COMPENSATION
$18K
AGE
58
TENURE
12.2 yrs

Martha Goss

TITLE
Director
COMPENSATION
$16K
AGE
68
TENURE
11.8 yrs

Peter Trapp

TITLE
Director
COMPENSATION
$18K
AGE
74
TENURE
17.3 yrs

Howard Mileaf

TITLE
Independent Director
COMPENSATION
$17K
AGE
81
TENURE
17.3 yrs

Joe Amato

TITLE
Director
AGE
56
TENURE
10.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Neuberger Berman California Intermediate Municipal Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Neuberger Berman California Intermediate Municipal Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Neuberger Berman California Intermediate Municipal Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and California state personal tax. It invests in securities with remaining maturities of less than 15 years. The fund seeks to maintain a weighted average duration of between three and eight years. It invests in securities rated in the four highest categories by a nationally recognized statistical rating organization. Neuberger Berman California Intermediate Municipal Fund Inc. was formed on July 29, 2002 and is domiciled in the United States.

Details
Name: Neuberger Berman California Intermediate Municipal Fund Inc.
NBW
Exchange: AMEX
Founded: 2002
$72,476,650
5,551,044
Website: http://www.nb.com/Pages/Public/en-us/Products/california-intermediate-municipal-fund.aspx
Address: Neuberger Berman California Intermediate Municipal Fund Inc.
1290 Avenue of the Americas,
New York City,
New York, 10104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX NBW Common Shares NYSE MKT LLC US USD 25. Sep 2002
Number of employees
Current staff
Staff numbers
0
Neuberger Berman California Intermediate Municipal Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 23:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/07/06
Last earnings reported: 2018/04/30
Last annual earnings reported: 2017/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.