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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Thursday, February 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.026 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, March 12th.

BNY Mellon Strategic Municipals Price Performance

Shares of LEO stock traded down $0.02 during mid-day trading on Friday, hitting $6.49. 81,013 shares of the company’s stock were exchanged, compared to its average volume of 177,216. BNY Mellon Strategic Municipals has a fifty-two week low of $5.55 and a fifty-two week high of $6.55. The stock has a 50-day simple moving average of $6.41 and a two-hundred day simple moving average of $6.26.

About BNY Mellon Strategic Municipals

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.