NYSE American · Asset Management · USD

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) Stock Analysis

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) is a Asset Management stock listed on NYSE American and quoted in US Dollar.

Last Updated: October 21, 2026

NML

$10.28

+$0.12 (+1.18%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NML Key Statistics

As of Oct 21, 2026

Trading

Open: $10.20
Previous Close: $10.16
Day's Range: 10.18–10.32
52-Week Range: 8.02–10.98
Volume: 78.53K

Valuation

Market Cap: $582.45M
P/E Ratio: 4.21
EPS (ttm): 2.44

Financials (FY)

Revenue (FY): $10.24M−94.07%
Net Income (FY): $4.64M−97.29%
Shares Outstanding: 56.66M
1-Year Return: +34.01%

Dividend and dates

Dividend: $0.84+8.28%
Ex-Dividend Date: October 15, 2026
Avg Volume: 137.57K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NML closed at $10.28, +34.01% over 1 year.

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) has a market capitalization of $582.45M.

In fiscal 2025, NML reported revenue of $10.24M.

NML Stock Return by Calendar Year

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) 10-year return: what $10,000 became

1 year: $10,000 $13,401; +34.01%
5 years: $10,000 $27,390; +173.90%
10 years: $10,000 $23,719; +137.19%

If you had invested $10,000 in Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) 10 years ago, at the close on October 21, 2016, it would have been worth $23,719 at the close on October 21, 2026: +137.19% in total, +9.02% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−45.87%+61.72%+26.60%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+26.60%
2025	+4.30%
2024	+40.46%
2023	+14.53%
2022	+32.80%
2021	+61.72%
2020	−45.87%
2019	+10.60%
2018	−23.02%
2017	+7.07%
2016 (partial year)	+12.87%

As of October 21, 2026.

NML Revenue and Earnings by Fiscal Year

FY ends November

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$10.24M	$4.64M	45.3%
2024	$172.83M	$170.91M	98.9%
2023	$1.78M	−$712.07K	−40.0%
2022	$152.29M	$150.28M	98.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$10.24M	—	—	$4.64M	45.3%
2024	$172.83M	—	—	$170.91M	98.9%
2023	$1.78M	—	—	−$712.07K	−40.0%
2022	$152.29M	—	—	$150.28M	98.7%

Annual figures as reported, in the company's reporting currency. As of November 30, 2025.

NML Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.70+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.59	9	—
2025	$0.70	12	+0.0%
2024	$0.70	12	+0.0%
2023	$0.70	12	+143.4%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.59	9	—
2025	$0.70	12	+0.0%
2024	$0.70	12	+0.0%
2023	$0.70	12	+143.4%
2022	$0.29	12	+55.4%
2021	$0.18	12	−34.1%
2020	$0.28	12	−57.7%
2019	$0.66	12	+0.0%
2018	$0.66	12	+0.0%
2017	$0.66	12	+500.0%
2016	$0.11	2	—

Most recent payment: $0.07 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NML Valuation vs Asset Management Median

Median of 512 stocks

Metric	NML	Asset Management median	vs median
P/E	4.21	9.44	55% below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) carries a market capitalisation of $582.45M. It is classified in the Asset Management industry, within the Financial Services sector.

NML last closed at $10.28 on October 21, 2026. That is +$0.12 (+1.18%) against the previous close. Over the past 52 weeks the price has ranged from $8.02 to $10.98. The latest close sits 28.18% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $10.24M. That is −94.07% against the prior fiscal year, when revenue was $172.83M. Net income for the same year was $4.64M. That is −97.29% against the prior fiscal year. Trailing earnings per share are 2.44.

Across the 4 fiscal years on file, revenue moves from $152.29M in 2022 to $10.24M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 4.21 times earnings. That is 55.4% below the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

Daily returns over the trailing 10 years annualize to a volatility of 34.98%. The trailing one-year total return is +34.01%. Across 10 years the annualized return works out at +9.02%.

Growth & Income

NML pays a dividend yielding 8.28%. That is 0.6 percentage points below the Asset Management median yield of 8.91%. At the indicated rate that is $0.84 a share a year. The ex-dividend date on file is October 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.59 a share. The year before, 2025, totalled $0.70 a share.

2026 is still running; the total return is +26.60% year to date. The strongest complete calendar year on file is 2021 at +61.72%; the weakest is 2020 at −45.87%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. (NML) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc.	NML	$582.45M	4.2
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. trades at a P/E of 4.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc.

Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies. It was formerly known as Neuberger Berman MLP Income Fund Inc. Neuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc. was formed on November 16, 2012 and is domiciled in the United States.