On May 23, 2023, AllianceBernstein National Municipal Income Fund’s board of directors declared a regular monthly dividend of $0.03 per share ($0.39 per share per year), an amount equal to the previous dividend payout.
Investors must own shares prior to the ex-dividend date of June 1, 2023 to be eligible for the upcoming dividend distribution on June 16, 2023.
Based on the current share price of $10.15, the dividend yield is 3.86%. Over the past five years, the average dividend yield has been 4.31%, with a minimum of 3.42% and a maximum of 5.33%. The standard deviation of yields is 0.39 (n=185). The current dividend yield is 1.17 standard deviations below the historical average.
AllianceBernstein’s 3-Year dividend growth rate is -0.39%.
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Fund Sentiment for AllianceBernstein National Municipal Income Fund
88 funds or institutions reported holdings in the fund, down by 3 owner(s) or 3.30% in the last quarter. The average portfolio weight of all funds dedicated to AFB is 0.19%, an increase of 11.61%. Total shares owned by institutions increased in the last three months by 2.71% to 14,363K shares.
Other Shareholders’ Actions
According to their filing, Karpus Management has raised its holding in AFB by 21.84%, while Allspring Global Investments Holdings has increased its portfolio allocation by 3.72%. Rivernorth Capital Management‘s stake has risen by 3.08%, while Private Wealth Strategies, L.L.C. has decreased its portfolio allocation by 0.35%. Guggenheim Capital‘s portfolio allocation has decreased by 24.59%.
About AllianceBernstein National Municipal Income Fund
(This description is provided by the company.)
AllianceBernstein National Municipal Income Fund aims to deliver a high current income that is exempt from regular federal income tax.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.