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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Monday, November 24th. Stockholders of record on Thursday, December 4th will be given a dividend of 0.0502 per share by the investment management company on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Thursday, December 4th.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE AFB opened at $10.82 on Tuesday. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $9.78 and a fifty-two week high of $11.58. The stock has a fifty day moving average of $10.90 and a 200-day moving average of $10.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, September 26th. The investment management company reported $0.14 EPS for the quarter.

Insider Buying and Selling

In other news, Director Garry L. Moody bought 13,500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $11.07 per share, with a total value of $149,445.00. Following the acquisition, the director owned 13,500 shares of the company’s stock, valued at approximately $149,445. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth $72,000. Catalina Capital Group LLC purchased a new position in AllianceBernstein National Municipal Income Fund during the second quarter worth about $203,000. Riverbridge Partners LLC increased its stake in AllianceBernstein National Municipal Income Fund by 4.3% in the 2nd quarter. Riverbridge Partners LLC now owns 69,014 shares of the investment management company’s stock worth $712,000 after acquiring an additional 2,872 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $113,000. Finally, City of London Investment Management Co. Ltd. raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.0% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 569,702 shares of the investment management company’s stock valued at $6,187,000 after acquiring an additional 21,961 shares in the last 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.