BNY Mellon Intermediate Municipal Bond Fund, Inc. (DITEX)
BNY Mellon Intermediate Municipal Bond Fund, Inc. operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $12.70, up 0.00% on the session, giving a market capitalisation of $609.9M. On trailing twelve-month figures it carries a trailing P/E of -211.67, a net margin of -7.5%. Its beta of 0.82 implies it has historically moved less than the broad market.
This fund endeavors to achieve the highest possible current income that is exempt from federal income taxation, all while prioritizing the protection of initial investment capital. It allocates a minimum of 80% of its holdings to municipal bonds that, upon acquisition, possess a credit rating of A or superior, or are deemed to be of comparable quality by the adviser if unrated. Up to 20% of the portfolio's assets may be directed towards municipal bonds with a rating below A, encompassing those classified as below investment grade (often referred to as 'high yield' or 'junk' bonds), or their unrated equivalents as assessed by the adviser. The dollar-weighted average maturity for the fund's investments typically spans a period of three to ten years.
BNY Mellon Intermediate Municipal Bond Fund, Inc. is most often compared with the following Financial Services names: