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

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 3.18%. The ex-dividend date is Friday, February 14th.

BNY Mellon Municipal Income has decreased its dividend payment by an average of 16.7% annually over the last three years.

BNY Mellon Municipal Income Stock Performance

Shares of NYSE:DMF traded up $0.05 during trading on Tuesday, hitting $7.16. The company's stock had a trading volume of 22,995 shares, compared to its average volume of 30,077. BNY Mellon Municipal Income has a fifty-two week low of $6.51 and a fifty-two week high of $7.52. The business has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $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.