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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) announced a monthly dividend on Friday, August 30th, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.019 per share on Tuesday, October 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, September 16th.

BNY Mellon Municipal Income has decreased its dividend payment by an average of 18.1% per year over the last three years.

BNY Mellon Municipal Income Stock Performance

DMF traded up $0.01 on Friday, reaching $7.30. 42,957 shares of the company’s stock were exchanged, compared to its average volume of 51,399. The stock’s fifty day moving average price is $7.23 and its 200-day moving average price is $6.92. BNY Mellon Municipal Income has a twelve month low of $5.37 and a twelve month high of $7.32.

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.