BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) to Issue Monthly Dividend of $0.03

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Tuesday, September 29th. Investors of record on Wednesday, October 14th will be given a dividend of $0.03 per share by the investment management company on Friday, October 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, October 14th.

BNY Mellon Strategic Municipals Trading Down 1.2%

NYSE:LEO opened at $5.46 on Wednesday. BNY Mellon Strategic Municipals has a one year low of $5.42 and a one year high of $6.55. The firm’s fifty day moving average price is $6.06 and its two-hundred day moving average price is $6.25.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol LEO. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. These securities can support public services and infrastructure projects, including education, transportation, utilities and healthcare.