NEW YORK--(BUSINESS WIRE)--Dreyfus Municipal Income, Inc. (NYX: DMF) today announced a monthly cash dividend of $0.045 per share of common stock, payable on December 31, 2015 to shareholders of record at the close of business on December 15, 2015. The ex-dividend date is December 11, 2015. The $0.045 per share investment income dividend represents a decrease of $0.0075 from the previously declared monthly net investment income dividend of $0.0525 per share.
The dividend reduction primarily reflects the lower reinvestment rate environment that has existed in the market for the reinvestment of the proceeds from coupon payments and from called, sold and/or matured securities. DMF's accumulated undistributed investment income-net was approximately $989,000 as of September 30, 2015.*
* The accumulated undistributed investment income-net is determined in accordance with income tax regulations, which differ from U.S. generally accepted accounting principles.