BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) announced a monthly dividend on Monday, December 30th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.018 per share by the investment management company on Friday, January 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, January 15th.
BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% annually over the last three years.
BNY Mellon Strategic Municipal Bond Fund Trading Up 0.3 %
Shares of NYSE DSM opened at $5.81 on Wednesday. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.54 and a 12-month high of $6.38. The stock has a fifty day moving average price of $5.99 and a 200 day moving average price of $6.04.
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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