AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Free Report) announced a dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.0327 per share by the investment management company on Friday, July 26th. The ex-dividend date is Thursday, July 11th.
AllianceBernstein National Municipal Income Fund has decreased its dividend by an average of 13.3% per year over the last three years.
AllianceBernstein National Municipal Income Fund Stock Performance
AllianceBernstein National Municipal Income Fund stock opened at $11.06 on Wednesday. The business’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $10.82. AllianceBernstein National Municipal Income Fund has a 12-month low of $8.95 and a 12-month high of $11.15.
Insider Buying and Selling at AllianceBernstein National Municipal Income Fund
In related news, major shareholder Saba Capital Management, L.P. bought 11,181 shares of AllianceBernstein National Municipal Income Fund stock in a transaction on Wednesday, May 15th. The shares were purchased at an average price of $10.92 per share, for a total transaction of $122,096.52. Following the completion of the acquisition, the insider now owns 2,928,442 shares in the company, valued at $31,978,586.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 141,144 shares of company stock worth $1,541,501.
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.
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