AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Increases Dividend to $0.04 Per Share

Posted by Oscar Bower on Oct 2nd, 2024

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Free Report) declared a monthly dividend on Monday, September 23rd, Wall Street Journal reports. Investors of record on Thursday, October 3rd will be paid a dividend of 0.0396 per share by the investment management company on Friday, October 18th. This represents a $0.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, October 3rd. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

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

AFB opened at $11.88 on Wednesday. The company’s 50 day moving average price is $11.47 and its two-hundred day moving average price is $11.08. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $8.95 and a fifty-two week high of $11.88.

AllianceBernstein National Municipal Income Fund (NYSE:AFB – Get Free Report) last announced its earnings results on Friday, September 27th. The investment management company reported $0.11 earnings per share (EPS) for the quarter.

About AllianceBernstein National Municipal Income Fund

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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.