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, January 31st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.019 per share by the investment management company on Friday, February 28th. This represents a $0.23 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, February 14th.

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

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE LEO traded down $0.02 during midday trading on Friday, hitting $6.13. 182,002 shares of the stock traded hands, compared to its average volume of 159,135. BNY Mellon Strategic Municipals has a one year low of $5.79 and a one year high of $6.64. The firm has a 50-day moving average of $6.19 and a two-hundred day moving average of $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.