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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.019 per share by the investment management company on Friday, January 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, January 15th.

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

BNY Mellon Strategic Municipals Stock Performance

NYSE LEO traded up $0.04 during mid-day trading on Tuesday, hitting $6.04. The company’s stock had a trading volume of 489,269 shares, compared to its average volume of 169,347. BNY Mellon Strategic Municipals has a twelve month low of $5.76 and a twelve month high of $6.64. The company’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $6.30.

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.