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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. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Municipal Income, Inc. BNY Mellon Municipal Income, Inc. was formed on October 24, 1988 and is domiciled in the United States.

BNY Mellon Municipal Income Dividend Announcement

BNY Mellon Municipal Income announced a monthly dividend of $0.02 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-15
BNY Mellon Municipal Income annual dividend for 2024 was $0.17
BNY Mellon Municipal Income annual dividend for 2023 was $0.19
BNY Mellon Municipal Income's trailing twelve-month (TTM) dividend yield is 2.48%
BNY Mellon Municipal Income's payout ratio for the trailing twelve months (TTM) is 41.46%
BNY Mellon Municipal Income's dividend growth over the last five years (2018-2023) was -14.73% year
BNY Mellon Municipal Income's dividend growth over the last ten years (2013-2023) was -11.20% year

BNY Mellon Municipal Income Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-15$0.02monthly2024-10-31
2024-09-16$0.02monthly2024-10-01
2024-08-14$0.02monthly2024-08-30
2024-07-15$0.02monthly2024-07-31
2024-06-14$0.02monthly2024-06-28
2024-05-13$0.01monthly2024-05-31
2024-04-11$0.01monthly2024-04-30
2024-03-13$0.01monthly2024-03-29
2024-02-13$0.01monthly2024-02-29
2024-01-12$0.01monthly2024-01-31
2023-12-13$0.01monthly2023-12-29
2023-11-14$0.01monthly2023-12-01
2023-10-13$0.01monthly2023-10-31
2023-09-14$0.01monthly2023-10-02
2023-08-09$0.01monthly2023-08-31
2023-07-14$0.01monthly2023-07-31
2023-06-13$0.01monthly2023-06-30
2023-05-11$0.01monthly2023-05-31
2023-04-14$0.01monthly2023-04-28
2023-03-15$0.01monthly2023-03-31
2023-02-13$0.02monthly2023-02-28
2023-01-13$0.02monthly2023-01-31
2022-12-13$0.02monthly2022-12-30
2022-11-09$0.02monthly2022-12-01
2022-10-14$0.02monthly2022-10-31
2022-09-14$0.02monthly2022-10-03
2022-08-15$0.02monthly2022-08-31
2022-07-14$0.03monthly2022-07-29
2022-06-13$0.03monthly2022-06-30
2022-05-12$0.03monthly2022-05-31
2022-04-13$0.03monthly2022-04-29
2022-03-11$0.03monthly2022-03-31
2022-02-11$0.03monthly2022-02-28
2022-01-13$0.03monthly2022-01-31
2021-12-13$0.03monthly2021-12-31
2021-11-12$0.03monthly2021-11-30
2021-10-14$0.04monthly2021-10-29
2021-09-14$0.04monthly2021-09-30
2021-08-12$0.04monthly2021-08-31
2021-07-14$0.04monthly2021-07-30
2021-06-11$0.04monthly2021-06-30
2021-05-13$0.04monthly2021-05-28
2021-04-14$0.04monthly2021-04-30
2021-03-11$0.04monthly2021-03-31
2021-02-11$0.04monthly2021-02-26
2021-01-14$0.04monthly2021-01-29
2020-12-11$0.04monthly2020-12-31
2020-11-13$0.04monthly2020-11-30
2020-10-14$0.04monthly2020-10-30
2020-09-14$0.04monthly2020-09-30
2020-08-13$0.04monthly2020-08-31
2020-07-14$0.04monthly2020-07-31
2020-06-11$0.04monthly2020-06-30
2020-05-13$0.04monthly2020-05-29
2020-04-14$0.04monthly2020-04-30
2020-03-12$0.04monthly2020-03-31
2020-02-13$0.04monthly2020-02-28
2020-01-14$0.04monthly2020-01-31
2019-12-12$0.04monthly2019-12-31
2019-11-14$0.04monthly2019-11-29
2019-10-11$0.04monthly2019-10-31
2019-09-13$0.04monthly2019-09-30
2019-08-13$0.04monthly2019-08-30
2019-07-12$0.04monthly2019-07-31
2019-06-13$0.04monthly2019-06-28
2019-05-13$0.04monthly2019-05-31
2019-04-11$0.04monthly2019-04-30
2019-03-13$0.04monthly2019-03-29
2019-02-13$0.04monthly2019-02-28
2019-01-14$0.04monthly2019-01-31
2018-12-13$0.04monthly2018-12-31
2018-11-15$0.04monthly2018-11-30
2018-10-11$0.04monthly2018-10-31
2018-09-14$0.04monthly2018-09-28
2018-08-13$0.04monthly2018-08-31
2018-07-13$0.04monthly2018-07-31
2018-06-13$0.04monthly2018-06-29
2018-05-10$0.04monthly2018-05-31
2018-04-12$0.04monthly2018-04-30
2018-03-13$0.04monthly2018-03-29
2018-02-08$0.04monthly2018-02-28
2018-01-11$0.04monthly2018-01-31
2017-12-13$0.04monthly2017-12-29
2017-11-13$0.04monthly2017-11-30
2017-10-12$0.04monthly2017-10-31
2017-09-13$0.04monthly2017-09-29
2017-08-09$0.04monthly2017-08-31
2017-07-12$0.04monthly2017-07-31
2017-06-12$0.04monthly2017-06-30
2017-05-09$0.04monthly2017-05-31
2017-04-11$0.04monthly2017-04-28
2017-03-09$0.04monthly2017-03-31
2017-02-21$0.04monthly2017-02-28
2017-01-11$0.04monthly2017-01-31
2016-12-12$0.04monthly2016-12-30
2016-11-14$0.04monthly2016-11-30
2016-10-12$0.04monthly2016-10-31
2016-09-12$0.04monthly2016-09-30
2016-08-09$0.04monthly2016-08-31
2016-07-13$0.04monthly2016-07-29
2016-06-08$0.04monthly2016-06-30
2016-05-11$0.04monthly2016-05-31
2016-04-11$0.04monthly2016-04-29
2016-03-09$0.04monthly2016-03-31
2016-02-10$0.04monthly2016-02-29
2016-01-13$0.04monthly2016-01-29
2015-12-11$0.04monthly2015-12-31
2015-11-12$0.05monthly2015-11-30
2015-10-13$0.05monthly2015-10-30
2015-09-10$0.05monthly2015-09-30
2015-08-11$0.05monthly2015-08-31
2015-07-13$0.05monthly2015-07-31
2015-06-09$0.05monthly2015-06-30
2015-05-11$0.05monthly2015-05-29
2015-04-13$0.05monthly2015-04-30
2015-03-10$0.05monthly2015-03-31
2015-02-10$0.05monthly2015-02-27
2015-01-12$0.05monthly2015-01-30
2014-12-09$0.05monthly2014-12-31
2014-11-12$0.05monthly2014-11-28
2014-10-09$0.05monthly2014-10-31
2014-09-10$0.05monthly2014-09-30
2014-08-11$0.05monthly2014-08-29
2014-07-10$0.05monthly2014-07-31
2014-06-11$0.05monthly2014-06-30
2014-05-09$0.05monthly2014-05-30
2014-04-09$0.05monthly2014-04-30
2014-03-12$0.05monthly2014-03-31
2014-02-11$0.05monthly2014-02-28
2014-01-13$0.05monthly2014-01-31
2013-12-10$0.05monthly2013-12-27
2013-11-12$0.05monthly2013-11-29
2013-10-15$0.05monthly2013-10-31
2013-09-11$0.05monthly2013-09-30
2013-08-12$0.05monthly2013-08-30
2013-07-10$0.05monthly2013-07-31
2013-06-11$0.05monthly2013-06-28
2013-05-13$0.05monthly2013-05-31
2013-04-10$0.05monthly2013-04-30
2013-03-11$0.05monthly2013-03-28
2013-02-11$0.05monthly2013-02-28
2013-01-10$0.05monthly2013-01-31

BNY Mellon Municipal Income Dividend per year

BNY Mellon Municipal Income Dividend growth

BNY Mellon Municipal Income Dividend Yield

BNY Mellon Municipal Income current trailing twelve-month (TTM) dividend yield is 2.48%. Interested in purchasing BNY Mellon Municipal Income stock? Use our calculator to estimate your expected dividend yield:

BNY Mellon Municipal Income Financial Ratios

P/E ratio18.32
PEG ratio0.76
P/B ratio0.80
ROE5.00%
Payout ratio41.46%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

BNY Mellon Municipal Income Dividend FAQ

How much is the next BNY Mellon Municipal Income dividend?
BNY Mellon Municipal Income's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next BNY Mellon Municipal Income dividend. The next BNY Mellon Municipal Income dividend will be released in January, February, March, April, May, June, July, August, September, October, November, or December.
When is BNY Mellon Municipal Income dividend paid?
BNY Mellon Municipal Income pays dividends on a monthly basis. The specific dates may vary each year but are generally around January, February, March, April, May, June, July, August, September, October, November, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does BNY Mellon Municipal Income pay?
The specific amount of BNY Mellon Municipal Income dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find BNY Mellon Municipal Income's dividend history.
Does BNY Mellon Municipal Income stock pay dividends?
Yes, BNY Mellon Municipal Income does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find BNY Mellon Municipal Income's dividend history.
How much dividend does BNY Mellon Municipal Income pay?
BNY Mellon Municipal Income paid $0.17 in 2024, $0.192 in 2023, $0.317 in 2022, $0.408 in 2021, and $0.42 in 2020.
How often does BNY Mellon Municipal Income pay dividends?
BNY Mellon Municipal Income typically pays dividends on a monthly basis. This means that dividends are usually distributed 12 times a year. The specific payout dates may vary each year but generally fall around January, February, March, April, May, June, July, August, September, October, November, and December.
What is BNY Mellon Municipal Income's dividend yield?
The current dividend yield for BNY Mellon Municipal Income is 2.48%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate BNY Mellon Municipal Income's exact dividend yield.
When does BNY Mellon Municipal Income go ex dividend?
BNY Mellon Municipal Income's ex-dividend date for the latest dividend was on 2024-10-15. BNY Mellon Municipal Income typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next BNY Mellon Municipal Income dividend paid?
BNY Mellon Municipal Income pays dividends on a monthly basis, typically around January, February, March, April, May, June, July, August, September, October, November, or December, but the exact dates can vary each year.
Will BNY Mellon Municipal Income increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether BNY Mellon Municipal Income will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is BNY Mellon Municipal Income dividend per share?
BNY Mellon Municipal Income paid $0.17 per share in 2024 and $0.192 per share in 2023. The amount of dividend per share that BNY Mellon Municipal Income pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is BNY Mellon Municipal Income a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is BNY Mellon Municipal Income a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is BNY Mellon Municipal Income a dividend stock?
Yes, BNY Mellon Municipal Income is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is BNY Mellon Municipal Income a good dividend stock?
Whether BNY Mellon Municipal Income is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. BNY Mellon Municipal Income has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating BNY Mellon Municipal Income as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does BNY Mellon Municipal Income pay dividends monthly?
BNY Mellon Municipal Income typically pays dividends on a monthly basis.
Does BNY Mellon Municipal Income pay dividends quarterly?
BNY Mellon Municipal Income currently pays dividends on a monthly basis.
Has BNY Mellon Municipal Income ever paid a dividend?
Yes, BNY Mellon Municipal Income has a history of paying dividends to its shareholders. BNY Mellon Municipal Income is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy BNY Mellon Municipal Income dividend stocks?
To buy BNY Mellon Municipal Income you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy BNY Mellon Municipal Income stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does BNY Mellon Municipal Income pay dividends 2024?
BNY Mellon Municipal Income pays dividends on a monthly basis. 2024 dividend payments are in 2024-10-31. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will BNY Mellon Municipal Income increase its dividend in 2024?
Decisions regarding BNY Mellon Municipal Income dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date BNY Mellon Municipal Income dividend overview you can look into the above table of dividend history.
How BNY Mellon Municipal Income dividend works?
The BNY Mellon Municipal Income dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how BNY Mellon Municipal Income's dividend process works:

1. Determination of Dividend: BNY Mellon Municipal Income's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, BNY Mellon Municipal Income publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, BNY Mellon Municipal Income distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from BNY Mellon Municipal Income are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are BNY Mellon Municipal Income dividends paid?
BNY Mellon Municipal Income dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: BNY Mellon Municipal Income sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, BNY Mellon Municipal Income distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: BNY Mellon Municipal Income declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does BNY Mellon Municipal Income pay dividends?
BNY Mellon Municipal Income typically pays dividends on a monthly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does BNY Mellon Municipal Income pay dividends?
The general pattern is that BNY Mellon Municipal Income pays dividends around January, February, March, April, May, June, July, August, September, October, November, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is BNY Mellon Municipal Income dividend safe?
The safety of BNY Mellon Municipal Income's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of BNY Mellon Municipal Income's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review BNY Mellon Municipal Income's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.