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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors of record on Wednesday, August 14th will be given a dividend of 0.018 per share by the investment management company on Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, August 14th.

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 Stock Up 0.8 %

DSM traded up $0.05 during trading on Tuesday, reaching $6.11. 20,451 shares of the stock were exchanged, compared to its average volume of 133,785. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $4.69 and a 1 year high of $6.11. The business’s 50 day moving average price is $5.91 and its two-hundred day moving average price is $5.79.

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.