BNY Mellon New York Tax Exempt Bond Fund, Inc.

BNY Mellon New York Tax Exempt Bond Fund, Inc.verified

DRNYX

Price:

$13.53

Market Cap:

$1.00B

The investment seeks as high a level of current income exempt from federal, New York state and New York city income taxes as is consistent with the preservation of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York city income taxes. It may invest up to 20% of its assets in municipal bonds rated below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the advisor. The fund is non-diversified.

Industry

Asset Management - Bonds

IPO Date

1983-07-26

Stock Exchange

NASDAQ

Ticker

DRNYX

The ROE as of April 2025 (TTM) for BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) is -7.53%

According to BNY Mellon New York Tax Exempt Bond Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is -7.53%. This represents a change of -1635.49% compared to the average of 0.49% of the last 4 quarters.

BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) Historical ROE (quarterly & annually)

How has DRNYX ROE performed in the past?

The mean historical ROE of BNY Mellon New York Tax Exempt Bond Fund, Inc. over the last ten years is 1.90%. The current -7.53% ROE has changed -497.11% with respect to the historical average. Over the past ten years (40 quarters), DRNYX's ROE was at its highest in in the May 2023 quarter at 0.85%. The ROE was at its lowest in in the May 2022 quarter at -4.04%.

Quarterly (TTM)
Annual

Average

1.90%

Median

2.87%

Minimum

-7.95%

Maximum

7.88%

BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) ROE by Quarter and Year

Discovering the peaks and valleys of BNY Mellon New York Tax Exempt Bond Fund, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.28%

Maximum Annual ROE = 7.88%

Minimum Annual Increase = -1027.07%

Minimum Annual ROE = -7.95%

Quarterly (TTM)
Annual
YearROEChange
2023-7.95%1.28%
2022-0.58%-110.02%
20215.77%113.60%
20202.70%-41.66%
20194.63%52.07%
20183.05%594.09%
20170.44%-88.67%
20163.87%-50.81%
20157.88%-1027.07%
2014-0.85%-115.34%

BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) Average ROE

How has DRNYX ROE performed in the past?

The current ROE of BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-0.92%

5-year avg

0.91%

10-year avg

1.90%

BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) ROE vs. Peers

How is DRNYX’s ROE compared to its peers?

BNY Mellon New York Tax Exempt Bond Fund, Inc.’s ROE is less than Fidelity New York Municipal Income Fund (0%), greater than New York Tax-Free Bond Fd (-7.53%), greater than Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (-7.53%), less than BNY Mellon Municipal Bond Fund (0%), less than BNY Mellon Intermediate Municipal Bond Fund, Inc. (2.63%),

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