BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) announced a monthly dividend on Thursday, June 27th, Zacks reports. Investors of record on Monday, July 15th will be given a dividend of 0.019 per share by the investment management company on Wednesday, July 31st. This represents a $0.23 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, July 15th.
BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 15.2% per year over the last three years.
BNY Mellon Strategic Municipals Price Performance
LEO opened at $6.22 on Friday. The company’s 50 day simple moving average is $6.06 and its two-hundred day simple moving average is $5.99. BNY Mellon Strategic Municipals has a 1-year low of $4.98 and a 1-year high of $6.23.
About BNY Mellon Strategic Municipals
BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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