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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) declared a monthly dividend on Monday, June 22nd. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.0502 per share by the investment management company on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AFB opened at $11.32 on Tuesday. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $10.05 and a fifty-two week high of $11.40. The firm has a 50 day moving average price of $11.11 and a 200-day moving average price of $10.93.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, March 27th. The investment management company reported $0.17 EPS for the quarter.

Insider Activity

In other news, Director Garry L. Moody sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total transaction of $147,960.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director R Jay Gerken acquired 2,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $10.96 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $27,400. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter worth approximately $43,000. Global Retirement Partners LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 367.0% during the fourth quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 3,670 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the third quarter valued at approximately $65,000. Geneos Wealth Management Inc. grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after purchasing an additional 5,608 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth approximately $103,000.

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.