BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Tuesday, July 30th, Wall Street Journal reports. Stockholders of record on Wednesday, August 14th will be given a dividend of 0.019 per share on Friday, August 30th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Wednesday, August 14th.
BNY Mellon Municipal Income has decreased its dividend payment by an average of 18.1% annually over the last three years.
BNY Mellon Municipal Income Stock Performance
Shares of BNY Mellon Municipal Income stock opened at $7.24 on Thursday. The business’s fifty day moving average price is $7.07 and its 200 day moving average price is $6.81. BNY Mellon Municipal Income has a twelve month low of $5.37 and a twelve month high of $7.31.
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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