AllianceBernstein National Municipal Income Fund (NYSE:AFB – Get Free Report) posted its earnings results on Friday. The investment management company reported $0.16 earnings per share for the quarter, Zacks reports.
AllianceBernstein National Municipal Income Fund Trading Down 0.1%
Shares of AFB stock traded down $0.01 during trading hours on Friday, hitting $9.76. 437,425 shares of the company were exchanged, compared to its average volume of 104,353. AllianceBernstein National Municipal Income Fund has a 1 year low of $9.75 and a 1 year high of $11.50. The firm has a fifty day moving average of $10.73 and a 200 day moving average of $10.92.
AllianceBernstein National Municipal Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 1st will be issued a $0.0502 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.60 annualized dividend and a yield of 6.2%.
About AllianceBernstein National Municipal Income Fund
AllianceBernstein National Municipal Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol AFB. The fund seeks to provide a high level of current income that is exempt from regular U.S. federal income tax.
The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities across the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public infrastructure and services.
AFB is advised by AllianceBernstein L.P., an investment-management firm that provides portfolio management and research capabilities.
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