BNY Mellon Municipal Income, Inc. (NYSE:DMF) to Issue $0.02 Monthly Dividend

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.019 per share on Monday, March 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 14th.

BNY Mellon Municipal Income has decreased its dividend payment by an average of 16.7% annually over the last three years.

BNY Mellon Municipal Income Stock Up 0.6 %

Shares of NYSE DMF traded up $0.04 during midday trading on Friday, hitting $7.18. 30,749 shares of the company’s stock were exchanged, compared to its average volume of 57,192. BNY Mellon Municipal Income has a 12-month low of $6.53 and a 12-month high of $7.52. The business’s fifty day moving average price is $7.12 and its two-hundred day moving average price is $7.24.

BNY Mellon Municipal Income Company Profile

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.