BNY Mellon Municipal Income, Inc. announces $0.02 monthly dividend, payable December 2nd.

BNY Mellon Municipal Income, Inc. (NYSE: DMF) has announced a $0.02 per share monthly dividend, payable to shareholders on December 2nd, with a record date of November 15th. This represents a $0.23 annual dividend and a 3.15% yield. Despite recent cuts, averaging 18.1% annually over three years, the fund, managed by BNY Mellon Investment Adviser, Inc., primarily invests in short-term, investment-grade municipal bonds. Major shareholder Saba Capital Management, L.P. recently sold a significant amount of shares, maintaining a 2,156,152 share stake valued at about $15.9 million.

November 14, 2024
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