BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders 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 dividend 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
Shares of DMF opened at $7.12 on Friday. BNY Mellon Municipal Income has a 1-year low of $6.50 and a 1-year high of $7.52. The company’s fifty day moving average price is $7.19 and its 200-day moving average price is $7.25.
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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