AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) to Issue $0.05 Monthly Dividend
AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB) announced a monthly dividend on Monday, June 26th, Wall Street Journal reports. Shareholders of record on Friday, July 7th will be paid a dividend of 0.0521 per share by the investment management company on Friday, July 21st. This represents a $0.62 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, July 5th.
AllianceBernstein Natnl Muncpl Incm Fnd. has decreased its dividend by an average of 7.2% annually over the last three years.
Shares of AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE AFB) traded up 0.22% during mid-day trading on Monday, reaching $13.75. 36,641 shares of the company’s stock traded hands. AllianceBernstein Natnl Muncpl Incm Fnd. has a 12-month low of $12.83 and a 12-month high of $15.21. The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.42.
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In other news, Director Carol Mcmullen purchased 1,928 shares of the stock in a transaction dated Thursday, May 25th. The stock was acquired at an average cost of $13.54 per share, for a total transaction of $26,105.12. Following the completion of the acquisition, the director now directly owns 1,928 shares in the company, valued at approximately $26,105.12. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
About AllianceBernstein Natnl Muncpl Incm Fnd.
AllianceBernstein National Municipal Income Fund is a diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax.
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