BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.019 per share by the investment management company on Wednesday, April 30th. This represents a $0.23 annualized dividend and a yield of 4.02%. The ex-dividend date is Monday, April 14th.
BNY Mellon Strategic Municipals has decreased its dividend by an average of 17.4% annually over the last three years.
BNY Mellon Strategic Municipals Stock Performance
Shares of LEO opened at $5.68 on Friday. The firm’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $6.22. BNY Mellon Strategic Municipals has a twelve month low of $5.55 and a twelve month high of $6.64.
About BNY Mellon Strategic Municipals
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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