Cash Dividend On The Way From Dreyfus Municipal Income (DMF)

Looking at the universe of stocks we cover at Dividend Channel, on 5/11/15, Dreyfus Municipal Income (DMF) will trade ex-dividend, for its monthly dividend of $0.0525, payable on 5/29/15. As a percentage of DMF's recent stock price of $9.53, this dividend works out to approximately 0.55%, so look for shares of Dreyfus Municipal Income to trade 0.55% lower — all else being equal — when DMF shares open for trading on 5/11/15.

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Below is a dividend history chart for DMF, showing historical dividends prior to the most recent $0.0525 declared by Dreyfus Municipal Income:

DMF+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DMF is likely to continue, and whether the current estimated yield of 6.61% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of DMF shares, versus its 200 day moving average:

Dreyfus Municipal Income 200 Day Moving Average Chart

Looking at the chart above, DMF's low point in its 52 week range is $8.98 per share, with $10.10 as the 52 week high point — that compares with a last trade of $9.53.

In Thursday trading, Dreyfus Municipal Income shares are currently down about 0.1% on the day.

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