BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) declared a monthly dividend on Monday, March 31st, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.019 per share on Wednesday, April 30th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, April 14th.
BNY Mellon Municipal Income has decreased its dividend by an average of 16.7% annually over the last three years.
BNY Mellon Municipal Income Price Performance
Shares of NYSE:DMF traded up $0.01 during trading on Monday, reaching $7.18. 22,100 shares of the stock were exchanged, compared to its average volume of 57,702. The stock has a fifty day moving average of $7.19 and a two-hundred day moving average of $7.23. BNY Mellon Municipal Income has a 1-year low of $6.53 and a 1-year 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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