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

Posted by Matthew Jenks on Oct 14th, 2024

BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Free Report) announced a monthly dividend on Friday, September 27th, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.019 per share on Thursday, October 31st. This represents a $0.23 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, October 15th.

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 Price Performance

NYSE:DMF opened at $7.31 on Monday. BNY Mellon Municipal Income has a 1 year low of $5.37 and a 1 year high of $7.49. The business has a fifty day moving average of $7.32 and a 200-day moving average of $7.06.

Insider Activity 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 stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total transaction of $1,625,573.76. Following the completion of the transaction, the insider now directly owns 2,156,152 shares of the company’s stock, valued at approximately $15,869,278.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

BNY Mellon Municipal Income Company Profile

(Get Free Report)

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.