AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Declares Monthly Dividend of $0.04

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Tuesday, June 24th, Wall Street Journal reports. Investors of record on Thursday, July 3rd will be given a dividend of 0.0396 per share by the investment management company on Friday, July 18th. This represents a $0.48 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, July 3rd.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB stock opened at $10.23 on Thursday. The company’s 50 day moving average is $10.28 and its 200 day moving average is $10.71. AllianceBernstein National Municipal Income Fund has a 1-year low of $9.78 and a 1-year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, March 28th. The investment management company reported $0.12 earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AllianceBernstein National Municipal Income Fund stock. Royal Bank of Canada increased its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,426 shares of the investment management company’s stock after purchasing an additional 43,982 shares during the period. Royal Bank of Canada’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,622,000 as of its most recent SEC filing.

About AllianceBernstein National Municipal Income Fund

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.