BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) to Issue Monthly Dividend of $0.02

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, November 27th,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.019 per share by the investment management company on Tuesday, December 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, December 13th.

BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 15.2% annually over the last three years.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO traded up $0.09 during trading on Thursday, reaching $6.37. The company’s stock had a trading volume of 247,650 shares, compared to its average volume of 163,374. The firm has a fifty day moving average of $6.38 and a 200 day moving average of $6.26. BNY Mellon Strategic Municipals has a one year low of $5.58 and a one year high of $6.64.

BNY Mellon Strategic Municipals Company Profile

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.