BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.019 per share by the investment management company on Friday, January 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, January 15th.
BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 15.2% annually over the last three years.
BNY Mellon Strategic Municipals Stock Performance
NYSE:LEO traded up $0.04 on Tuesday, reaching $6.04. 489,269 shares of the stock traded hands, compared to its average volume of 169,347. BNY Mellon Strategic Municipals has a 1-year low of $5.76 and a 1-year high of $6.64. The company’s 50 day moving average is $6.25 and its 200-day moving average is $6.30.
BNY Mellon Strategic Municipals Company Profile
BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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