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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Monday, July 27th. Shareholders of record on Thursday, August 6th will be paid a dividend of 0.0502 per share by the investment management company on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Thursday, August 6th.

AllianceBernstein National Municipal Income Fund Trading Up 0.3%

AllianceBernstein National Municipal Income Fund stock opened at $10.88 on Tuesday. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.01. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.08 and a twelve month high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, June 26th. The investment management company reported $0.15 EPS for the quarter.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In other news, Director R Jay Gerken purchased 2,500 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $10.96 per share, with a total value of $27,400.00. Following the purchase, the director directly owned 2,500 shares of the company’s stock, valued at $27,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently modified their holdings of AFB. Noble Wealth Management PBC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 5.9% during the second quarter. Noble Wealth Management PBC now owns 68,341 shares of the investment management company’s stock worth $780,000 after buying an additional 3,796 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 80.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 15,235 shares in the last quarter. Bank of America Corp DE lifted its stake in AllianceBernstein National Municipal Income Fund by 18.0% in the 1st quarter. Bank of America Corp DE now owns 66,506 shares of the investment management company’s stock valued at $711,000 after acquiring an additional 10,126 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 2.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock valued at $11,347,000 after acquiring an additional 21,639 shares in the last quarter. Finally, Petra Financial Advisors Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the 1st quarter worth approximately $570,000.

AllianceBernstein National Municipal Income Fund Company Profile

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.