BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Monday, March 31st, Wall Street Journal reports. Investors 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 annualized dividend and a 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% per year over the last three years.
BNY Mellon Municipal Income Stock Performance
DMF traded up $0.01 during trading hours on Monday, hitting $7.18. 22,100 shares of the company’s stock were exchanged, compared to its average volume of 57,702. BNY Mellon Municipal Income has a 1-year low of $6.53 and a 1-year high of $7.52. The stock’s 50-day moving average is $7.19 and its two-hundred day moving average is $7.23.
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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