AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Declares Monthly Dividend of $0.03

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Thursday, August 1st will be given a dividend of 0.0327 per share by the investment management company on Friday, August 16th. This represents a $0.39 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Thursday, August 1st.

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

AllianceBernstein National Municipal Income Fund Trading Down 0.4 %

Shares of NYSE:AFB traded down $0.05 on Wednesday, hitting $11.16. The company had a trading volume of 52,083 shares, compared to its average volume of 68,744. The firm’s 50-day simple moving average is $11.02 and its two-hundred day simple moving average is $10.86. AllianceBernstein National Municipal Income Fund has a 1 year low of $8.95 and a 1 year high of $11.32.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its earnings results on Friday, June 28th. The investment management company reported $0.10 EPS for the quarter.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. purchased 11,181 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average cost of $10.92 per share, with a total value of $122,096.52. Following the transaction, the insider now directly owns 2,928,442 shares in the company, valued at approximately $31,978,586.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 141,144 shares of company stock valued at $1,541,501 in the last three months.

About AllianceBernstein National Municipal Income Fund

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.