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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Monday, June 22nd. Investors of record on Thursday, July 2nd will be paid a dividend of 0.0502 per share by the investment management company on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

AllianceBernstein National Municipal Income Fund Price Performance

NYSE:AFB opened at $11.32 on Tuesday. AllianceBernstein National Municipal Income Fund has a 52-week low of $10.05 and a 52-week high of $11.40. The stock has a fifty day moving average of $11.11 and a 200 day moving average of $10.93.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, March 27th. The investment management company reported $0.17 earnings per share for the quarter.

Insider Activity at AllianceBernstein National Municipal Income Fund

In related news, Director R Jay Gerken bought 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $10.96 per share, with a total value of $27,400.00. Following the completion of the purchase, the director directly owned 2,500 shares of the company’s stock, valued at $27,400. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Garry L. Moody sold 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total transaction of $147,960.00. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFB. Pathstone Holdings LLC increased its stake in AllianceBernstein National Municipal Income Fund by 7.2% in the third quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after acquiring an additional 144,091 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 2.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock worth $15,656,000 after purchasing an additional 31,831 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after purchasing an additional 21,639 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 3.1% in the 1st quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock worth $10,258,000 after purchasing an additional 28,842 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of AllianceBernstein National Municipal Income Fund by 49.3% during the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock valued at $7,629,000 after purchasing an additional 232,964 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.