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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) declared a monthly dividend on Tuesday, November 22nd, Wall Street Journal reports. Investors of record on Friday, December 2nd will be given a dividend of 0.0327 per share by the investment management company on Friday, December 16th. This represents a $0.39 annualized dividend and a yield of 3.64%. The ex-dividend date is Thursday, December 1st.

AllianceBernstein National Municipal Income Fund Trading Up 0.8 %

NYSE AFB opened at $10.77 on Wednesday. The business’s 50-day moving average price is $10.40 and its 200 day moving average price is $11.20. AllianceBernstein National Municipal Income Fund has a twelve month low of $9.97 and a twelve month high of $15.08.

AllianceBernstein National Municipal Income Fund (NYSE:AFBGet Rating) last released its earnings results on Friday, September 30th. The investment management company reported $0.13 earnings per share for the quarter.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

A number of large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.5% in the 1st quarter. UBS Group AG now owns 521,319 shares of the investment management company’s stock worth $6,564,000 after purchasing an additional 22,387 shares during the period. Wells Fargo & Company MN raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 28.1% during the 2nd quarter. Wells Fargo & Company MN now owns 466,121 shares of the investment management company’s stock valued at $5,393,000 after buying an additional 102,200 shares during the period. Guggenheim Capital LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 51.8% during the 1st quarter. Guggenheim Capital LLC now owns 327,098 shares of the investment management company’s stock valued at $4,119,000 after buying an additional 111,574 shares during the period. LPL Financial LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 136.0% during the 2nd quarter. LPL Financial LLC now owns 93,000 shares of the investment management company’s stock valued at $1,076,000 after buying an additional 53,586 shares during the period. Finally, City of London Investment Management Co. Ltd. raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 25.1% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 77,296 shares of the investment management company’s stock valued at $972,000 after buying an additional 15,526 shares during the period.

About AllianceBernstein National Municipal Income Fund

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AllianceBernstein National Municipal Income Fund 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.

Further Reading

Dividend History for AllianceBernstein National Municipal Income Fund (NYSE:AFB)

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