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 Friday, September 27th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.019 per share by the investment management company on Thursday, October 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, October 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 Trading Down 0.2 %

Shares of NYSE LEO traded down $0.01 during mid-day trading on Friday, reaching $6.47. 99,052 shares of the company’s stock were exchanged, compared to its average volume of 165,788. The firm has a 50-day moving average price of $6.43 and a two-hundred day moving average price of $6.18. BNY Mellon Strategic Municipals has a 52 week low of $4.98 and a 52 week high of $6.64.

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.