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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) announced a monthly dividend on Wednesday, November 27th,NASDAQ Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, December 13th.

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

BNY Mellon Municipal Income Stock Up 1.0 %

Shares of BNY Mellon Municipal Income stock traded up $0.08 during trading on Thursday, reaching $7.39. 28,433 shares of the company traded hands, compared to its average volume of 60,388. BNY Mellon Municipal Income has a 1-year low of $6.16 and a 1-year high of $7.49. The company has a 50 day moving average price of $7.27 and a 200-day moving average price of $7.19.

Insider Activity

In other BNY Mellon Municipal Income news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the firm’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 of the company’s stock, valued at approximately $15,869,278.72. This trade represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

BNY Mellon Municipal Income Company Profile

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.