BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) announced a monthly dividend on Wednesday, October 30th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.018 per share by the investment management company on Monday, December 2nd. This represents a $0.22 annualized dividend and a yield of 3.58%. The ex-dividend date is Friday, November 15th.
BNY Mellon Strategic Municipal Bond Fund has decreased its dividend payment by an average of 9.6% annually over the last three years.
BNY Mellon Strategic Municipal Bond Fund Stock Down 0.7 %
DSM stock opened at $6.03 on Wednesday. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.11 and a one year high of $6.38. The company has a 50 day moving average price of $6.16 and a two-hundred day moving average price of $5.98.
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.
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