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. Stockholders of record on Friday, May 3rd will be given a dividend of 0.033 per share by the investment management company on Friday, May 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date 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 by an average of 13.3% annually over the last three years.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE:AFB traded down $0.04 during mid-day trading on Thursday, reaching $10.46. The stock had a trading volume of 20,671 shares, compared to its average volume of 68,932. AllianceBernstein National Municipal Income Fund has a 1 year low of $8.95 and a 1 year high of $11.05. The business’s 50 day moving average price is $10.81 and its 200 day moving average price is $10.47.

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

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.