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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be given a dividend of 0.03 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, August 13th.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.18 on Friday. The company’s fifty day moving average price is $6.37 and its two-hundred day moving average price is $6.37. BNY Mellon Strategic Municipals has a one year low of $5.80 and a one year high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last issued its quarterly earnings data on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The company had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable?rate demand obligations, municipal derivatives and other income-producing instruments.