DMF Stock Summary and Trading Ideas (Dreyfus Muni Income | AMEX:DMF)

Dreyfus Municipal Income, Inc. (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a non-diversified closed-end management investment company. The fund’s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Dreyfus Corporation (the “Manager” or “Dreyfus”), a wholly-owned subsidiary of The Bank of New York Mellon Corporation (“BNY Mellon”), serves as the fund’s investment adviser. The fund has outstanding 1,000 shares each of Series A and Series B Auction Preferred Stock (“APS”), with a liquidation preference of $25,000 per share (plus an amount equal to accumulated but unpaid dividends upon liquidation). APS dividend rates are determined pursuant to periodic auctions or by reference to a market rate. Deutsche Bank Trust Company America, as Auction Agent, receives a fee from the fund for its services in connection with such auctions. The fund also compensates broker-dealers generally at an annual rate of .15%-.25% of the purchase price of the shares of APS. The fund is subject to certain restrictions relating to the APS. Failure to comply with these restrictions could preclude the fund from declaring any distributions to shareholders of Common Stock (“Common Shareholders”) or repurchasing common shares and/or could trigger the mandatory redemption of APS at liquidation value. Thus, redemptions of APS may be deemed to be outside of the control of the fund. The holders of the APS, voting as a separate class, have the right to elect at least two directors. The holders of the APS will vote as a separate class on certain other matters, as required by law.

Dreyfus Muni Income trades on the AMEX stock market under the symbol DMF.

As of April 23, 2024, DMF stock price climbed to $6.65 with 715 million shares trading.

DMF has a beta of 0.65, meaning it tends to be less sensitive to market movements. DMF has a correlation of 0.37 to the broad based SPY ETF.

DMF has a market cap of $138.04 million. This is considered a Micro Cap stock.

In the last 3 years, DMF stock traded as high as $9.97 and as low as $5.38.

DMF has underperformed the market in the last year with a return of +9.3%, while the SPY ETF gained +23.4%. In the last 3 month period, DMF fell short of the market, returning +3.2%, while SPY returned +4.1%. However, in the most recent 2 weeks DMF has outperformed the stock market by returning -0.8%, while SPY returned -3.3%.

DMF support price is $6.58 and resistance is $6.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DMF stock will trade within this expected range on the day.