AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) to Issue Monthly Dividend of $0.05

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, March 5th will be given a dividend of 0.0502 per share by the investment management company on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, March 5th. This is a 0.0% increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

AllianceBernstein National Municipal Income Fund Price Performance

AFB stock traded up $0.01 during trading on Tuesday, hitting $11.05. 16,371 shares of the company’s stock traded hands, compared to its average volume of 119,469. The business has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $10.80. AllianceBernstein National Municipal Income Fund has a 52 week low of $9.78 and a 52 week high of $11.34.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, December 26th. The investment management company reported $0.13 EPS for the quarter.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Several institutional investors have recently made changes to their positions in AFB. Readystate Asset Management LP bought a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $119,000. Rivernorth Capital Management LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 2.5% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company’s stock worth $11,251,000 after purchasing an additional 25,688 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the 4th quarter worth approximately $296,000. Balyasny Asset Management L.P. acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter valued at about $1,017,000. Finally, Guggenheim Capital LLC boosted its position in AllianceBernstein National Municipal Income Fund by 49.3% in the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock worth $7,629,000 after purchasing an additional 232,964 shares in the last quarter.

About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.