BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Friday, September 27th, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.018 per share by the investment management company on Thursday, October 31st. This represents a $0.22 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, October 15th.
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 Price Performance
NYSE DSM opened at $6.19 on Friday. The business has a fifty day simple moving average of $6.17 and a 200 day simple moving average of $5.92. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $4.69 and a 12 month high of $6.38.
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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