AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Plans Dividend Increase – $0.05 Per Share

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Wednesday, October 22nd. Investors of record on Thursday, November 6th will be paid a dividend of 0.0502 per share by the investment management company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, November 6th. This is a 7.8% increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

AllianceBernstein National Municipal Income Fund Trading Down 0.5%

Shares of NYSE AFB opened at $11.00 on Thursday. AllianceBernstein National Municipal Income Fund has a 1 year low of $9.78 and a 1 year high of $11.58. The company’s 50-day moving average is $10.66 and its 200 day moving average is $10.39.

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

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth about $72,000. Geneos Wealth Management Inc. boosted its stake in AllianceBernstein National Municipal Income Fund by 328.5% during the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after acquiring an additional 5,608 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth about $102,000. Nomura Holdings Inc. bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth about $103,000. Finally, Captrust Financial Advisors bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth about $103,000.

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.