AllianceBernstein National Municipal Income Fund, Inc. (AFB) Stock Analysis

Company Overview

AllianceBernstein National Municipal Income Fund, Inc. trades under the ticker AFB. The company sits in the Financial Services sector, in the Asset Management industry.

The most recent close on file for AFB is $10.60, dated September 4, 2026. That is −$0.02 (−0.19%) against the previous close. The 52-week range on file runs from $10.38 to $11.50. The latest close sits 2.12% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $3.84M. That is −93.78% against the prior fiscal year, when revenue was $61.85M. Net income for the same year was $3.44M. That is −94.39% against the prior fiscal year. Profit margin runs at 82.25%. That is 58.2 percentage points above the Asset Management median of 24.09%. Earnings per share on a trailing basis come to 0.8.

Across the 4 fiscal years on file, revenue moves from −$97.11M in 2022 to $3.84M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 13.25. That is 28.14% above the Asset Management median of 10.34. 561 Asset Management companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +7.95%. Across 10 years the annualized return works out at +1.03%. Beta against the wider market is reported at 0.67. Daily returns over the trailing 10 years annualize to a volatility of 11.26%.

Growth & Income

The trailing dividend yield is 5.67%. That is 2.4 percentage points below the Asset Management median yield of 8.11%. The indicated annual rate is $0.60 a share. The ex-dividend date on file is September 3, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.45 a share. The year before, 2025, totalled $0.51 a share.

So far in 2026 the price is +1.58%. Across the complete calendar years on file, 2019 returned +20.15% and 2022 returned −25.92%. Of the 9 complete calendar years on file, 7 finished higher.