BNY Mellon Municipal Income, Inc. (DMF) To Go Ex-Dividend on December 13th

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared a monthly dividend on Wednesday, November 27th,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.019 per share on Tuesday, December 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, December 13th.

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

BNY Mellon Municipal Income Stock Performance

DMF stock opened at $7.44 on Wednesday. The stock has a 50-day simple moving average of $7.28 and a 200-day simple moving average of $7.23. BNY Mellon Municipal Income has a 1 year low of $6.38 and a 1 year high of $7.52.

Insider Buying and Selling at BNY Mellon Municipal Income

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 on Tuesday, September 24th. The shares were sold at an average price of $7.36, for a total value of $1,625,573.76. Following the transaction, the insider now owns 2,156,152 shares in the company, valued at $15,869,278.72. The trade was a 9.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.