Does AFB pay a dividend?

Yes. AllianceBernstein National Municipal Income Fund pays a monthly dividend, currently yielding 5.43% based on trailing twelve-month payments of $0.59 per share.

How much does AFB pay in dividends?

$0.59 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next AFB ex-dividend date?

No upcoming ex-dividend date is currently on record for AFB. Dates appear here once the company declares them.

AFB Dividend

AllianceBernstein National Municipal Income Fund

NYSEFinancial ServicesStockData as of August 12, 2026

Dividend yield: 5.43%
Annual dividend: $0.59
Payout ratio: 0.68
Frequency: Monthly
Share price: $10.96
Market cap: $315M

Is AFB a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median5.43% against a median of 2.78% across US dividend payers.
Dividend uses most of earningsA payout ratio of 0.68 leaves a narrower margin than the sub-0.60 range generally considered comfortable, though it remains within earnings.
Dividend has been cut 10 timesAcross 24 complete years, the annual total fell in 2022, 2023, 2024 and earlier. The most recent reduction was in 2024.
Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

AFB dividend history

Annual dividend per share, 2002 to 2025.

Peak $0.9960 in 2004Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for AFB, most recent first.
Ex-dividend date	Pay date	Amount	Type
August 6, 2026	August 21, 2026	$0.0502	Monthly
July 2, 2026	July 17, 2026	$0.0502	Monthly
June 4, 2026	June 26, 2026	$0.0502	Monthly
May 7, 2026	May 15, 2026	$0.0502	Monthly
April 2, 2026	April 17, 2026	$0.0502	Monthly
March 5, 2026	March 20, 2026	$0.0502	Monthly
February 5, 2026	February 20, 2026	$0.0502	Monthly
January 8, 2026	January 16, 2026	$0.0502	Monthly
December 4, 2025	December 19, 2025	$0.0502	Monthly
November 6, 2025	November 21, 2025	$0.0502	Monthly
October 2, 2025	October 17, 2025	$0.0466	Monthly
September 4, 2025	September 19, 2025	$0.0466	Monthly
August 7, 2025	August 22, 2025	$0.0396	Monthly
July 3, 2025	July 18, 2025	$0.0396	Monthly
June 5, 2025	June 20, 2025	$0.0396	Monthly
May 1, 2025	May 16, 2025	$0.0396	Irregular
April 3, 2025	April 25, 2025	$0.0396	Monthly
March 6, 2025	March 21, 2025	$0.0396	Monthly
February 6, 2025	February 21, 2025	$0.0396	Monthly
January 2, 2025	January 17, 2025	$0.0396	Monthly
December 5, 2024	December 20, 2024	$0.0396	Monthly
November 7, 2024	November 22, 2024	$0.0396	Monthly
October 3, 2024	October 18, 2024	$0.0396	Monthly
September 5, 2024	September 20, 2024	$0.0359	Monthly
August 1, 2024	August 16, 2024	$0.0327	Irregular
July 11, 2024	July 26, 2024	$0.0327	Monthly
June 6, 2024	June 21, 2024	$0.0327	Monthly
May 2, 2024	May 17, 2024	$0.0327	Monthly
April 4, 2024	April 19, 2024	$0.0327	Monthly
March 7, 2024	March 22, 2024	$0.0327	Monthly
February 1, 2024	February 16, 2024	$0.0327	Monthly
January 4, 2024	January 19, 2024	$0.0327	Monthly
December 7, 2023	December 22, 2023	$0.0327	Monthly
November 2, 2023	November 17, 2023	$0.0327	Monthly
October 5, 2023	October 20, 2023	$0.0327	Monthly
September 7, 2023	September 22, 2023	$0.0327	Monthly
August 3, 2023	August 18, 2023	$0.0327	Monthly
July 6, 2023	July 21, 2023	$0.0327	Monthly
June 1, 2023	June 16, 2023	$0.0327	Monthly
May 4, 2023	May 19, 2023	$0.0327	Monthly

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Frequently asked questions

Does AFB pay a dividend?: Yes. AllianceBernstein National Municipal Income Fund pays a monthly dividend, currently yielding 5.43% based on trailing twelve-month payments of $0.59 per share.
How much does AFB pay in dividends?: $0.59 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next AFB ex-dividend date?: No upcoming ex-dividend date is currently on record for AFB. Dates appear here once the company declares them.