AllianceBernstein National Municipal Income Fund, Inc. to Issue Monthly Dividend of $0.04 (NYSE:AFB)

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.0396 per share by the investment management company on Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, March 6th.

AllianceBernstein National Municipal Income Fund has decreased its dividend by an average of 12.9% per year over the last three years.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB traded up $0.05 during trading hours on Tuesday, hitting $11.25. 63,198 shares of the stock were exchanged, compared to its average volume of 59,344. The company’s 50 day moving average is $10.99 and its 200 day moving average is $11.30. AllianceBernstein National Municipal Income Fund has a one year low of $10.33 and a one year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 earnings per share 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.