BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Declares Dividend Increase – $0.03 Per Share

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipal Bond Fund Stock Up 1.1%

Shares of DSM stock opened at $6.09 on Thursday. The firm’s 50-day moving average is $6.03 and its 200-day moving average is $6.06. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $5.45 and a 52-week high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.