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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Monday, March 31st, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.019 per share by the investment management company on Wednesday, April 30th. This represents a $0.23 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, April 14th.

BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 17.4% annually over the last three years.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE LEO remained flat at $6.12 during midday trading on Monday. 70,450 shares of the stock traded hands, compared to its average volume of 170,040. The firm’s 50 day moving average is $6.19 and its 200 day moving average is $6.27. BNY Mellon Strategic Municipals has a 52-week low of $5.79 and a 52-week 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.