BNY Mellon Municipal Income, Inc. (NYSE:DMF - Get Free Report) declared a monthly dividend on Tuesday, May 27th, Wall Street Journal reports. Investors of record on Monday, June 9th will be paid a dividend of 0.078 per share on Monday, June 16th. This represents a $0.94 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date of this dividend is Monday, June 9th. This is a 310.5% increase from BNY Mellon Municipal Income's previous monthly dividend of $0.02.
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 Price Performance
Shares of BNY Mellon Municipal Income stock remained flat at $6.97 during trading on Friday. The stock had a trading volume of 29,172 shares, compared to its average volume of 59,342. BNY Mellon Municipal Income has a fifty-two week low of $6.72 and a fifty-two week high of $7.52. The business's fifty day moving average is $7.00 and its two-hundred day moving average is $7.13.
BNY Mellon Municipal Income Company Profile
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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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