AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Announces Dividend Increase – $0.05 Per Share

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) announced a monthly dividend on Tuesday, May 24th, Zacks reports. Shareholders of record on Friday, June 3rd will be paid a dividend of 0.045 per share by the investment management company on Friday, June 17th. This represents a $0.54 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, June 2nd. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

AllianceBernstein National Municipal Income Fund stock opened at $11.61 on Thursday. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $11.20 and a fifty-two week high of $15.58. The stock has a 50-day simple moving average of $11.98 and a 200-day simple moving average of $13.39.

In related news, Director Garry L. Moody sold 4,655 shares of the business’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $11.98, for a total value of $55,766.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $201,000. Robinson Capital Management LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the 1st quarter worth approximately $208,000. Millennium Management LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $222,000. MML Investors Services LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $224,000. Finally, Raymond James & Associates increased its position in AllianceBernstein National Municipal Income Fund by 72.9% during the 1st quarter. Raymond James & Associates now owns 20,134 shares of the investment management company’s stock worth $253,000 after purchasing an additional 8,488 shares during the period.

About AllianceBernstein National Municipal Income Fund (Get Rating)

AllianceBernstein National Municipal Income Fund 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.

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Dividend History for AllianceBernstein National Municipal Income Fund (NYSE:AFB)

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