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

Posted by Jessica Moore on Apr 25th, 2024

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Free Report) announced a monthly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, May 3rd will be given 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 yield of 3.79%. The ex-dividend date 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 payment by an average of 13.3% annually over the last three years.

AllianceBernstein National Municipal Income Fund Price Performance

NYSE:AFB traded down $0.04 during trading hours on Thursday, hitting $10.46. 32,333 shares of the stock were exchanged, compared to its average volume of 69,088. AllianceBernstein National Municipal Income Fund has a 52-week low of $8.95 and a 52-week high of $11.05. The firm’s fifty day moving average price is $10.81 and its 200 day moving average price is $10.47.

AllianceBernstein National Municipal Income Fund (NYSE:AFB – Get Free Report) last posted its quarterly 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

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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.