BNY Mellon Municipal Income, Inc. (DMF) to Issue Monthly Dividend of $0.02 on December 31st

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared 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% annually over the last three years.

BNY Mellon Municipal Income Trading Up 1.0 %

Shares of NYSE DMF opened at $7.39 on Friday. BNY Mellon Municipal Income has a 12 month low of $6.16 and a 12 month high of $7.49. The stock has a 50 day moving average of $7.27 and a 200-day moving average of $7.19.

Insider Transactions at BNY Mellon Municipal Income

In related news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the business’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 directly owns 2,156,152 shares in the company, valued at approximately $15,869,278.72. The trade was a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.