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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Monday, March 23rd. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.0502 per share by the investment management company on Friday, April 17th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, April 2nd.

AllianceBernstein National Municipal Income Fund Trading Down 0.5%

AFB stock opened at $10.61 on Tuesday. The company’s 50 day simple moving average is $10.93 and its 200-day simple moving average is $10.88. AllianceBernstein National Municipal Income Fund has a 12 month low of $9.78 and a 12 month high of $11.13.

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

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pathstone Holdings LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after buying an additional 144,091 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company’s stock worth $15,502,000 after acquiring an additional 206,961 shares during the period. Karpus Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 59.5% in the second quarter. Karpus Management Inc. now owns 1,144,987 shares of the investment management company’s stock worth $11,805,000 after acquiring an additional 426,910 shares during the last quarter. Rivernorth Capital Management LLC grew 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 valued at $11,251,000 after purchasing an additional 25,688 shares during the period. Finally, Keybank National Association OH increased its position in AllianceBernstein National Municipal Income Fund by 5.6% during the fourth quarter. Keybank National Association OH now owns 930,742 shares of the investment management company’s stock worth $10,071,000 after purchasing an additional 49,044 shares during 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.