BNY Mellon Municipal Income, Inc. Declares Monthly Dividend

BNY Mellon Municipal Income, Inc. (NYSE:DMF) has announced a monthly dividend on Friday, January 31st. Investors on record as of Friday, February 14th, will receive a dividend of $0.019 per share on Friday, February 28th. When calculated annually, this amounts to a dividend of $0.23 and a yield of 3.20%. The ex-dividend date falls on Friday, February 14th.

Over the last three years, BNY Mellon Municipal Income has seen its dividend payment decline by an average of 17.7% each year.

Current Stock Performance

During trading on Friday, DMF stock experienced a slight decrease of $0.01, reaching $7.12 per share. The total trading volume for the day was 25,656 shares, which is lower than the average volume of 30,503 shares. The stock has recorded a low of $6.50 and a high of $7.52 over the past year. The fifty-day moving average stands at $7.19, while the 200-day moving average is $7.25.

About BNY Mellon Municipal Income

BNY Mellon Municipal Income, Inc. is a closed-end fixed income mutual fund that is managed by BNY Mellon Investment Adviser, Inc. This fund primarily invests in the fixed income markets within the United States, focusing mainly on municipal obligations that have investment-grade ratings and maturities of less than one year.

Investment Opportunities

For investors considering BNY Mellon Municipal Income, it might be worth noting that analysts currently rate the stock as a "Hold." However, there are other investment opportunities that analysts have identified as better options right now.

For those looking to explore higher potential returns, it's advisable to stay informed about upcoming stocks that experts recommend.

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