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

by · The Cerbat Gem

BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.019 per share on Monday, March 31st. This represents a $0.23 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, March 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 Trading Up 0.6 %

Shares of BNY Mellon Municipal Income stock opened at $7.18 on Friday. BNY Mellon Municipal Income has a 12 month low of $6.53 and a 12 month high of $7.52. The business’s 50-day moving average price is $7.12 and its 200-day moving average price is $7.24.

BNY Mellon Municipal Income Company Profile

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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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