AllianceBernstein National Municipal Income Fund, Inc. Plans Monthly Dividend of $0.05 (NYSE:AFB)

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Monday, September 22nd. Investors of record on Thursday, October 2nd will be paid a dividend of 0.0466 per share by the investment management company on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 2nd.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB stock traded up $0.04 on Tuesday, hitting $10.90. 34,584 shares of the company were exchanged, compared to its average volume of 76,998. AllianceBernstein National Municipal Income Fund has a twelve month low of $9.78 and a twelve month high of $11.95. The business’s fifty day moving average is $10.36 and its two-hundred day moving average is $10.39.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, June 27th. The investment management company reported $0.12 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Karpus Management Inc. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 59.5% in the 2nd quarter. Karpus Management Inc. now owns 1,144,987 shares of the investment management company’s stock worth $11,805,000 after acquiring an additional 426,910 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 21.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 990,611 shares of the investment management company’s stock worth $10,213,000 after acquiring an additional 176,158 shares during the period. Keybank National Association OH increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 3.0% in the 1st quarter. Keybank National Association OH now owns 910,140 shares of the investment management company’s stock worth $9,884,000 after acquiring an additional 26,616 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 10.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 580,533 shares of the investment management company’s stock worth $5,985,000 after acquiring an additional 53,744 shares during the period. Finally, City of London Investment Management Co. Ltd. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.0% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 569,702 shares of the investment management company’s stock worth $6,187,000 after acquiring an additional 21,961 shares during the period.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.