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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared a monthly dividend on Wednesday, November 27th,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.019 per share on Tuesday, December 31st. This represents a $0.23 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, December 13th.

BNY Mellon Municipal Income has decreased its dividend payment by an average of 18.1% annually over the last three years.

BNY Mellon Municipal Income Trading Up 1.0 %

DMF opened at $7.39 on Friday. BNY Mellon Municipal Income has a twelve month low of $6.16 and a twelve month high of $7.49. The company has a fifty day moving average of $7.27 and a 200-day moving average of $7.19.

Insider Buying and Selling

In other BNY Mellon Municipal Income news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.36, for a total value of $1,625,573.76. Following the transaction, the insider now directly owns 2,156,152 shares of the company’s stock, valued at approximately $15,869,278.72. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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.