BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.019 per share on Friday, February 28th. This represents a $0.23 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, February 14th.
BNY Mellon Municipal Income has decreased its dividend by an average of 17.7% per year over the last three years.
BNY Mellon Municipal Income Stock Performance
Shares of NYSE:DMF traded down $0.01 during trading on Friday, reaching $7.12. 25,656 shares of the company were exchanged, compared to its average volume of 30,503. The business’s fifty day simple moving average is $7.19 and its 200-day simple moving average is $7.25. BNY Mellon Municipal Income has a 12-month low of $6.50 and a 12-month high of $7.52.
About BNY Mellon Municipal Income
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.
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