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

BNY Mellon Municipal Income, Inc. (NYSE:DMF) declared a monthly dividend on Friday, September 27th, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.019 per share on Thursday, October 31st. This represents a $0.23 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date 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 Stock Performance

DMF stock opened at $7.31 on Friday. The company’s 50 day simple moving average is $7.32 and its 200-day simple moving average is $7.06. BNY Mellon Municipal Income has a 12 month low of $5.37 and a 12 month high of $7.49.

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 firm’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

About BNY Mellon Municipal Income

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.