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.
Source: Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
