AllianceBernstein National Municipal Income Fund, Inc. (AFB) to Issue Monthly Dividend of $0.05 on September 18th

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Monday, August 24th. Investors of record on Thursday, September 3rd will be paid a dividend of 0.0502 per share by the investment management company on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Thursday, September 3rd.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB opened at $10.93 on Wednesday. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.25 and a twelve month high of $11.50. The stock has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $11.02.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, June 26th. The investment management company reported $0.15 EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AFB. Royal Bank of Canada increased its position in shares of AllianceBernstein National Municipal Income Fund by 22.3% during the first quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock worth $2,622,000 after buying an additional 43,982 shares during the period. Geneos Wealth Management Inc. lifted its position in AllianceBernstein National Municipal Income Fund by 328.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after acquiring an additional 5,608 shares in the last quarter. Jane Street Group LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the 2nd quarter worth about $119,000. Captrust Financial Advisors bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $103,000. Finally, Nomura Holdings Inc. purchased a new position in AllianceBernstein National Municipal Income Fund in the second quarter valued at about $103,000.

About AllianceBernstein National Municipal Income Fund

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.