AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) to Issue Monthly Dividend of $0.07

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Monday, October 26th. Investors of record on Thursday, November 5th will be paid a dividend of $0.0670 per share by the investment management company on Friday, November 20th. This represents a $0.80 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Thursday, November 5th. This is a 33.5% increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.0502.

AllianceBernstein National Municipal Income Fund Stock Up 2.0%

Shares of NYSE:AFB opened at $10.11 on Tuesday. The business’s 50 day moving average is $10.14 and its 200 day moving average is $10.79. AllianceBernstein National Municipal Income Fund has a 12-month low of $9.28 and a 12-month high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, September 25th. The investment management company reported $0.16 EPS for the quarter.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the 3rd quarter worth about $33,000. Wedbush Securities Inc. purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth approximately $210,000. Balanced Wealth Group LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 82.8% in the 1st quarter. Balanced Wealth Group LLC now owns 23,245 shares of the investment management company’s stock worth $248,000 after buying an additional 10,527 shares during the last quarter. Catalina Capital Group LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 39.7% in the first quarter. Catalina Capital Group LLC now owns 27,513 shares of the investment management company’s stock valued at $294,000 after acquiring an additional 7,823 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 80.6% in the first quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 15,235 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end investment company that seeks to provide a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal debt securities issued by states, cities, counties, public authorities and other governmental entities.

Managed by AllianceBernstein L.P., the fund provides investors with access to a diversified portfolio of tax-exempt municipal bonds across the United States.