BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) to Issue $0.02 Monthly Dividend

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.018 per share by the investment management company on Monday, March 31st. This represents a $0.22 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, March 14th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend payment by an average of 15.7% per year over the last three years.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.2 %

Shares of NYSE DSM traded down $0.02 during trading on Friday, hitting $6.04. The company had a trading volume of 92,346 shares, compared to its average volume of 146,150. The stock has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $6.03. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.54 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.