Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. It is a measure of shareholder return.
As of today, Alliancebernstein National Muni Fd's Shareholder Yield % was -6.52%.
Alliancebernstein National Muni Fd (NYSE:AFB) Shareholder Yield % Explanation
Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. The term was coined by William W. Priest of Epoch Investment Partners in a paper in 2005 entitled The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns. William Priest indicated that "shareholder yield is a term that we came up with to reflect the various ways dividends can be paid to owners of a business in a publicly-traded company."
Dividend Yield % shows how much a company pays out in dividends each year relative to its stock price, which is most obvious form of shareholder return.
Buyback Yield % is the net repurchase of shares outstanding over the market capital of the company. Shares repurchases also increase shareholder value by returning the money back to shareholders.
Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced.
Alliancebernstein National Muni Fd Shareholder Yield % Related Terms
Alliancebernstein National Muni Fd Shareholder Yield % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alliancebernstein National Muni Fd Shareholder Yield % Chart
AFB vs RFMZ, PPT, PSBD: Shareholder Yield % Comparison
For the Asset Management subindustry, Alliancebernstein National Muni Fd's Shareholder Yield %, along with its competitors' market caps and Shareholder Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alliancebernstein National Muni Fd Shareholder Yield % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Alliancebernstein National Muni Fd's Shareholder Yield % distribution charts can be found below:
* The bar in red indicates where Alliancebernstein National Muni Fd's Shareholder Yield % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Shareholder Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.
Alliancebernstein National Muni Fd (AFB) has a Shareholder Yield % of -6.52% as of Apr. 2026. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Alliancebernstein National Muni Fd and its competitors. According to the industry distribution chart, Alliancebernstein National Muni Fd ranks #1233 out of 1481 companies in the Asset Management industry, placing it in the top 83.3%.
Is Alliancebernstein National Muni Fd's Shareholder Yield % too high?
Alliancebernstein National Muni Fd's current Shareholder Yield % is -6.52%. Based on the distribution chart, Alliancebernstein National Muni Fd ranks #1233 out of 1481 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Alliancebernstein National Muni Fd has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Alliancebernstein National Muni Fd's Shareholder Yield % compare to RFMZ and PPT?
According to the Asset Management industry distribution chart, Alliancebernstein National Muni Fd ranks #1233 out of 1481 companies for Shareholder Yield %. This places Alliancebernstein National Muni Fd in the lower half of its industry. The industry median Shareholder Yield % is 4.16. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shareholder Yield % for an Asset Management company?
The median Shareholder Yield % among Asset Management companies is 4.16, based on 1,481 companies in the industry. Companies in the top quartile (top 25%) have a Shareholder Yield % significantly above this median, while those in the bottom quartile fall well below. However, Shareholder Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shareholder Yield % mean?
A high Shareholder Yield % can signal that a stock is expensive relative to its fundamentals. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Alliancebernstein National Muni Fd and its competitors. For the Asset Management industry, the median Shareholder Yield % is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliancebernstein National Muni Fd's current Shareholder Yield % is -6.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliancebernstein National Muni Fd stock overvalued right now?
Alliancebernstein National Muni Fd (AFB) has a current Shareholder Yield % of -6.52%. The current Shareholder Yield % is -6.52%. Alliancebernstein National Muni Fd's overall GF Score™ is 30/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shareholder Yield % calculated?
Shareholder Yield % is calculated from a company's financial statements. For Alliancebernstein National Muni Fd (AFB), the current Shareholder Yield % is -6.52% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Alliancebernstein National Muni Fd Business Description
Alliancebernstein National Muni Inc Fd is a diversified, closed-end management investment company. It seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax.
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