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

BNY Mellon Municipal Income, Inc. (NYSE:DMF - Get Free Report) announced a monthly dividend on Monday, December 30th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.019 per share on Friday, January 31st. This represents a $0.23 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Wednesday, January 15th.

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

BNY Mellon Municipal Income Stock Performance

Shares of NYSE:DMF traded up $0.01 on Tuesday, reaching $7.10. 40,606 shares of the company were exchanged, compared to its average volume of 60,383. The company has a 50-day moving average of $7.23 and a 200-day moving average of $7.25. BNY Mellon Municipal Income has a 1-year low of $6.40 and a 1-year high of $7.52.

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.