AllianceBernstein National Municipal Income Fund, Inc. Plans Monthly Dividend of $0.03 (NYSE:AFB)

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Rating) declared a monthly dividend on Wednesday, May 24th, Wall Street Journal reports. Investors of record on Friday, June 2nd will be paid a dividend of 0.0327 per share by the investment management company on Friday, June 16th. This represents a $0.39 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, June 1st.

AllianceBernstein National Municipal Income Fund Trading Down 1.9 %

AFB traded down $0.20 on Wednesday, hitting $10.15. 196,513 shares of the stock traded hands, compared to its average volume of 72,924. AllianceBernstein National Municipal Income Fund has a 52 week low of $9.97 and a 52 week high of $12.47. The business has a fifty day moving average price of $10.65 and a two-hundred day moving average price of $10.67.

AllianceBernstein National Municipal Income Fund (NYSE:AFB – Get Rating) last issued its quarterly earnings results on Friday, March 31st. The investment management company reported $0.11 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in AllianceBernstein National Municipal Income Fund by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 534,863 shares of the investment management company’s stock valued at $5,605,000 after purchasing an additional 37,617 shares in the last quarter. UBS Group AG boosted its holdings in AllianceBernstein National Municipal Income Fund by 4.5% during the first quarter. UBS Group AG now owns 521,319 shares of the investment management company’s stock valued at $6,564,000 after purchasing an additional 22,387 shares in the last quarter. Logan Stone Capital LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 1,123.0% during the fourth quarter. Logan Stone Capital LLC now owns 355,187 shares of the investment management company’s stock valued at $3,722,000 after purchasing an additional 326,145 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 51.8% during the first quarter. Guggenheim Capital LLC now owns 327,098 shares of the investment management company’s stock valued at $4,119,000 after purchasing an additional 111,574 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.7% in the 1st quarter. LPL Financial LLC now owns 129,156 shares of the investment management company’s stock worth $1,414,000 after acquiring an additional 3,421 shares in the last quarter.

About AllianceBernstein National Municipal Income Fund

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AllianceBernstein National Municipal Income Fund, Inc is a closed-end investment fund/investment trust. Its investment objective is to provide a high current income exempt from regular federal income tax. The firm focuses on municipal bonds and municipal securities. The company was founded on January 28, 2002 and is headquartered in New York, NY.