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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Thursday, August 29th, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.018 per share by the investment management company on Tuesday, October 1st. This represents a $0.22 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Monday, September 16th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% per year over the last three years.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.2 %

NYSE DSM traded up $0.01 during trading on Friday, reaching $6.08. 168,692 shares of the company’s stock traded hands, compared to its average volume of 131,750. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $4.69 and a 12-month high of $6.17. The company’s 50 day simple moving average is $5.98 and its two-hundred day simple moving average is $5.83.

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.