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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, March 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 Trading Up 0.6 %

BNY Mellon Municipal Income stock traded up $0.04 during midday trading on Friday, reaching $7.18. The stock had a trading volume of 30,749 shares, compared to its average volume of 57,192. BNY Mellon Municipal Income has a 12 month low of $6.53 and a 12 month high of $7.52. The firm’s 50-day moving average price is $7.12 and its 200 day moving average price is $7.24.

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.