AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Free Report) declared a monthly dividend on Monday, August 26th, Wall Street Journal reports. Investors of record on Thursday, September 5th will be paid a dividend of 0.0359 per share by the investment management company on Friday, September 20th. This represents a $0.43 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, September 5th. 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 Stock Up 0.2 %
Shares of AllianceBernstein National Municipal Income Fund stock opened at $11.42 on Wednesday. The firm’s 50-day moving average price is $11.29 and its two-hundred day moving average price is $10.98. AllianceBernstein National Municipal Income Fund has a 1-year low of $8.95 and a 1-year high of $11.55.
Insiders Place Their Bets
In related news, major shareholder Saba Capital Management, L.P. purchased 34,874 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of $11.05 per share, for a total transaction of $385,357.70. Following the transaction, the insider now directly owns 3,149,020 shares in the company, valued at $34,796,671. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
Featured Stories
- Five stocks we like better than AllianceBernstein National Municipal Income Fund
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 3 Stocks to Own if You Are Bearish on The Market
- Investing in the High PE Growth Stocks
- Is Wingstop The Perfect Fast Casual Restaurant Model?
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Why Salesforce Is a Sleeping Giant on the Verge of Waking Up
Receive News & Ratings for AllianceBernstein National Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianceBernstein National Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.