AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Plans Monthly Dividend of $0.04

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of 0.0396 per share by the investment management company on Friday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 3rd.

AllianceBernstein National Municipal Income Fund has decreased its dividend by an average of 12.9% annually over the last three years.

AllianceBernstein National Municipal Income Fund Trading Down 0.6 %

AllianceBernstein National Municipal Income Fund stock traded down $0.07 during midday trading on Tuesday, reaching $10.95. The company had a trading volume of 79,417 shares, compared to its average volume of 65,488. The firm’s fifty day simple moving average is $11.06 and its 200-day simple moving average is $11.25. AllianceBernstein National Municipal Income Fund has a 12-month low of $10.33 and a 12-month high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Monday, December 30th. The investment management company reported $0.10 earnings per share (EPS) 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.