BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Plans $0.02 Monthly Dividend

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Monday, March 31st, Wall Street Journal reports. Investors of record on Monday, April 14th will be given a dividend of 0.018 per share by the investment management company on Wednesday, April 30th. This represents a $0.22 annualized dividend and a yield of 3.72%. The ex-dividend date is Monday, April 14th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend payment by an average of 15.7% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.4 %

DSM traded up $0.03 during midday trading on Monday, reaching $5.81. The company had a trading volume of 111,571 shares, compared to its average volume of 130,329. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.54 and a 12-month high of $6.38. The business has a 50-day moving average price of $5.90 and a two-hundred day moving average price of $5.99.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.