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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, February 14th.

BNY Mellon Municipal Income has decreased its dividend by an average of 17.7% annually over the last three years.

BNY Mellon Municipal Income Price Performance

NYSE DMF traded down $0.01 on Friday, reaching $7.12. The company’s stock had a trading volume of 25,656 shares, compared to its average volume of 30,503. BNY Mellon Municipal Income has a twelve month low of $6.50 and a twelve month high of $7.52. The firm’s 50 day moving average is $7.19 and its two-hundred day moving average is $7.25.

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.