Dreyfus Municipal Income, Inc. is an AMEX listed security that has been trading in a range between $7.88 and $10.01 over the past year. With 20,589,320 shares outstanding, a recent price of $8.80 gives a total market capitalization of $180,362,448. While there are certainly larger companies, Dreyfus Municipal Income, Inc. has definitely earned its place in the pack. Last year, Dreyfus Municipal Income, Inc. created $0.54 in earnings for every share outstanding.
Dreyfus Municipal Income, Inc. is currently priced by the market at 16.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Dreyfus Municipal Income, Inc. could be an interesting value proposition.
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