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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Free Report) announced a monthly dividend on Monday, August 26th, Wall Street Journal reports. Investors of record on Thursday, September 5th will be given a dividend of 0.0359 per share by the investment management company on Friday, September 20th. This represents a $0.43 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, September 5th. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

AllianceBernstein National Municipal Income Fund has decreased its dividend by an average of 13.3% annually over the last three years.

AllianceBernstein National Municipal Income Fund Stock Up 0.2 %

AFB opened at $11.42 on Wednesday. The company has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $10.98. AllianceBernstein National Municipal Income Fund has a 1-year low of $8.95 and a 1-year high of $11.55.

AllianceBernstein National Municipal Income Fund (NYSE:AFBGet Free Report) last released its quarterly earnings data on Friday, June 28th. The investment management company reported $0.10 EPS for the quarter.

Insiders Place Their Bets

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. acquired 34,874 shares of the company’s stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of $11.05 per share, with a total value of $385,357.70. Following the completion of the purchase, the insider now owns 3,149,020 shares of the company’s stock, valued at $34,796,671. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AllianceBernstein National Municipal Income Fund Company Profile

(Get Free Report)

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.

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

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