AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Raises Dividend to $0.03 Per Share

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.033 per share by the investment management company on Friday, May 17th. This represents a $0.40 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

AllianceBernstein National Municipal Income Fund has decreased its dividend by an average of 13.3% per year over the last three years.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB traded down $0.04 during trading hours on Thursday, reaching $10.46. The company’s stock had a trading volume of 32,333 shares, compared to its average volume of 69,088. The business has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $10.47. AllianceBernstein National Municipal Income Fund has a 52 week low of $8.95 and a 52 week high of $11.05.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, March 22nd. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

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.