BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Issue Monthly Dividend of $0.02 on December 2nd

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Wednesday, October 30th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.018 per share by the investment management company on Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, November 15th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.7 %

DSM stock opened at $6.03 on Wednesday. The firm has a 50 day moving average of $6.16 and a 200-day moving average of $5.98. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.11 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.