profit from every $100 of sales.
$0$100
AllianceBernstein National Municipal Income Fund
$10.34-0.58% today
-5.6% in 1 year
1-year low $9.311-year high $11.50
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2024 to 2025.
0%20% a year
You pay $86.30 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What AllianceBernstein National Municipal Income Fund sold, what it kept, and what it did with the cash.
Sales went from -$97.1 million in 2022 to $3.84 million in 2025, with $3.44 million of profit last year.
SalesProfit
AllianceBernstein National Municipal Income Fund handed back more cash to shareholders than it generated last year.
Buybacks $88M
Free cash flow 2025$14M
Bought back its own shares$88M
Paid as dividends$14M
Cash vs. debt$472 vs. $132M
AllianceBernstein National Municipal Income Fund vs. similar companies
AllianceBernstein National Municipal Income Fund grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| AllianceBernstein National Municipal Income Fund | 86.3× · Very expensive | ||
 PIMCO Dynamic Income Fund | 8.7× · Cheap | ||
 Reaves Utility Income Fund | 4.1× · Cheap | ||
 Nuveen AMT-Free Quality Municipal Income Fund | 38.0× · Expensive | ||
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 7.0× · Cheap |
AI analysis
An AI analyst reads AllianceBernstein National Municipal Income Fund's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -97 | -1 | 62 | 4 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -98 | -1 | 61 | 3 | |
| -3.39 | -0.05 | 2.13 | – | |
| – | – | – | – | |
| – | – | – | – | |
| 100.4% | 150.2% | 99.2% | 89.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 595 | 545 | 606 | 588 |
| Cash | – | 0 | 0 | 0 |
| Total debt | 8 | – | 44 | 132 |
| Total liabilities | 270 | 234 | 244 | 238 |
| 324 | 312 | 361 | 351 | |
| 29 | 24 | 29 | – | |
| – | – | – | – | |
| -30.1% | -0.4% | 17.0% | 1.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 35 | 20 | 12 | 14 | |
| – | – | – | – | |
| 35 | 20 | 12 | 14 | |
| Dividends paid | 17 | 12 | 12 | 14 |
| – | – | 144 | 88 | |
| – | – | – | – |
Valuation
- 86.3×
- –
- –
- 0.9×
- 77.3×
- 21.1×
- –
- 4.7%
- 1.2%
- 5.2%
Profitability
- 12.0%
- 18.9%
- 89.6%
- 110.5%
- -64.2%
- -0.5%
- 1.0%
- 0.6%
- 0.6%
- –
Growth
- −93.8%
- –
- −34.1%
- −3.3%
- +0.0%
Financial health
- 11.5×
- 0.66
- 39.4%
- 0.4×
- –
- –
- 0.03
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 748
Bottom 43%of 603
Bottom 4%of 873
Bottom 1%of 883
Top 49%of 933
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 26, 2026 | 0.70 | – | – |
| Sep 26, 2025 | 0.14 | – | – |
| Mar 28, 2025 | 0.12 | – | – |
| Sep 27, 2024 | 0.11 | – | – |
| Mar 22, 2024 | 0.10 | – | – |
| Sep 29, 2023 | 0.10 | – | – |
| Mar 31, 2023 | 0.11 | – | – |
| Jun 24, 2022 | -1.97 | – | – |
5.2%of the share price, paid each year
On $1,000 invested$52a year at today's yield, before tax
−3.3%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.80 in 2015 → $0.51 in 2025
How safe it looks
408.3% of its profit
Room to growStretchedMore than it earns: 100.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about AllianceBernstein National Municipal Income Fund
Is AllianceBernstein National Municipal Income Fund a good stock to buy?
A business with weak numbers, priced as if everything goes right. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the AllianceBernstein National Municipal Income Fund AI analysis
What does AllianceBernstein National Municipal Income Fund do?
AllianceBernstein National Municipal Income Fund 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 is in Asset Management - Income.
Does AllianceBernstein National Municipal Income Fund pay a dividend?
Yes. At today's price the dividend is 5.2% a year. In 2025 it paid out $14.1 million in dividends.
Is AllianceBernstein National Municipal Income Fund stock halal?
No. AllianceBernstein National Municipal Income Fund does not pass our halal screen: its main business, interest-based asset management, is not permitted. How we check
How has AllianceBernstein National Municipal Income Fund stock done over the past year?
Down 5.6% over the past twelve months, to $10.34. It traded between $9.31 and $11.50 and is 10.1% below its high.
Who are AllianceBernstein National Municipal Income Fund's competitors?
The largest listed companies in the same industry are PIMCO Dynamic Income Fund, Reaves Utility Income Fund, Nuveen AMT-Free Quality Municipal Income Fund and Eaton Vance Tax-Managed Global Diversified Equity Income Fund. The peers table on this page compares their profit, growth and price with AllianceBernstein National Municipal Income Fund's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.