BNY Mellon Municipal Income, Inc. (NYSE:DMF - Get Free Report) announced a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.019 per share on Monday, December 2nd. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, November 15th.
BNY Mellon Municipal Income has decreased its dividend by an average of 18.1% annually over the last three years.
BNY Mellon Municipal Income Trading Down 1.0 %
BNY Mellon Municipal Income stock traded down $0.07 during mid-day trading on Friday, hitting $7.20. The company's stock had a trading volume of 32,490 shares, compared to its average volume of 62,447. The stock's fifty day moving average is $7.31 and its two-hundred day moving average is $7.12. BNY Mellon Municipal Income has a 1 year low of $5.55 and a 1 year high of $7.49.
Insider Activity
In other BNY Mellon Municipal Income news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total value of $1,625,573.76. Following the completion of the sale, the insider now owns 2,156,152 shares in the company, valued at approximately $15,869,278.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.
About BNY Mellon Municipal Income
(
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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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