BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.018 per share by the investment management company on Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, February 14th.
BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 15.7% per year over the last three years.
BNY Mellon Strategic Municipal Bond Fund Stock Up 0.3 %
Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.92 on Wednesday. The firm’s 50-day moving average price is $5.88 and its 200 day moving average price is $6.03. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.54 and a twelve month high of $6.38.
About BNY Mellon Strategic Municipal Bond Fund
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.
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