BNY Mellon Municipal Income, Inc. (DMF) to Issue Monthly Dividend of $0.02 on December 2nd

BNY Mellon Municipal Income, Inc. (NYSE:DMF) announced a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.019 per share on Monday, December 2nd. This represents a $0.23 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, November 15th.

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 Down 1.0 %

NYSE DMF traded down $0.07 during trading on Friday, hitting $7.20. The company had a trading volume of 32,490 shares, compared to its average volume of 62,447. BNY Mellon Municipal Income has a one year low of $5.55 and a one year high of $7.49. The company’s fifty day moving average is $7.31 and its 200-day moving average is $7.11.

Insider Buying and Selling at BNY Mellon Municipal Income

In related news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.