BNY Mellon Municipal Income, Inc. (NYSE:DMF) Declares Monthly Dividend of $0.03

BNY Mellon Municipal Income, Inc. (NYSE:DMFGet Rating) announced a monthly dividend on Monday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.029 per share on Tuesday, May 31st. This represents a $0.35 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, May 12th.

NYSE DMF opened at $6.99 on Tuesday. The firm’s 50 day moving average is $7.43. BNY Mellon Municipal Income has a 1-year low of $6.88 and a 1-year high of $9.97.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DMF. Millennium Management LLC acquired a new stake in BNY Mellon Municipal Income during the fourth quarter valued at approximately $132,000. Parametric Portfolio Associates LLC acquired a new stake in BNY Mellon Municipal Income during the fourth quarter valued at approximately $308,000. Morgan Stanley boosted its holdings in BNY Mellon Municipal Income by 11.9% during the third quarter. Morgan Stanley now owns 52,585 shares of the company’s stock valued at $506,000 after purchasing an additional 5,608 shares in the last quarter. Invesco Ltd. acquired a new stake in BNY Mellon Municipal Income during the third quarter valued at approximately $607,000. Finally, Wells Fargo & Company MN raised its stake in shares of BNY Mellon Municipal Income by 5.8% in the second quarter. Wells Fargo & Company MN now owns 74,187 shares of the company’s stock valued at $690,000 after acquiring an additional 4,044 shares during the last quarter. 29.38% of the stock is currently owned by institutional investors.

About BNY Mellon Municipal Income (Get Rating)

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.

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Dividend History for BNY Mellon Municipal Income (NYSE:DMF)

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