AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Plans Dividend Increase – $0.05 Per Share

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Wednesday, October 22nd. Investors of record on Thursday, November 6th will be given a dividend of 0.0502 per share by the investment management company on Friday, November 21st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, November 6th. This is a 7.8% increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

AllianceBernstein National Municipal Income Fund Stock Down 0.5%

AFB stock opened at $11.00 on Thursday. The company has a 50-day simple moving average of $10.66 and a 200 day simple moving average of $10.39. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $9.78 and a fifty-two week high of $11.58.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Friday, September 26th. The investment management company reported $0.14 EPS for the quarter.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in AllianceBernstein National Municipal Income Fund by 23.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,225,785 shares of the investment management company’s stock worth $13,300,000 after acquiring an additional 235,174 shares in the last quarter. Karpus Management Inc. raised its holdings in AllianceBernstein National Municipal Income Fund by 59.5% during the 2nd quarter. Karpus Management Inc. now owns 1,144,987 shares of the investment management company’s stock worth $11,805,000 after buying an additional 426,910 shares during the period. Keybank National Association OH raised its holdings in AllianceBernstein National Municipal Income Fund by 3.0% during the 1st quarter. Keybank National Association OH now owns 910,140 shares of the investment management company’s stock worth $9,884,000 after buying an additional 26,616 shares during the period. Advisors Asset Management Inc. raised its holdings in AllianceBernstein National Municipal Income Fund by 10.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 580,533 shares of the investment management company’s stock worth $5,985,000 after buying an additional 53,744 shares during the period. Finally, City of London Investment Management Co. Ltd. raised its holdings in AllianceBernstein National Municipal Income Fund by 4.0% during 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 buying 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.