AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Declares Dividend Increase – $0.03 Per Share

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.033 per share by the investment management company on Friday, May 17th. This represents a $0.40 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

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

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB traded down $0.03 on Thursday, hitting $10.47. 55,515 shares of the stock traded hands, compared to its average volume of 69,355. The business has a 50 day simple moving average of $10.81 and a 200 day simple moving average of $10.47. AllianceBernstein National Municipal Income Fund has a one year low of $8.95 and a one year high of $11.05.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, March 22nd. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

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.