By Marc Lichtenfeld AllianceBernstein (NYSE: AB) is an investment management firm with $643 billion in assets under management. It offers mutual funds, closed-end funds, managed accounts, sell-side research, institutional trading and other services.
Based on the current quarter’s distribution, it yields a robust 9%. But can this respected finance firm maintain its distribution?
The simple answer is “probably not.” But not because it’s experiencing financial difficulty.
AllianceBernstein has a variable distribution policy. The company is set up as a partnership, so it pays a distribution, not a dividend.
As you can see, over the last 10 years, the quarterly distribution has ranged from a low of $0.12 …read more
