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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.018 per share by the investment management company on Monday, March 31st. This represents a $0.22 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 14th.

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

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE:DSM traded down $0.02 during mid-day trading on Friday, hitting $6.04. 92,346 shares of the company traded hands, compared to its average volume of 146,150. The firm’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $6.03. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $5.54 and a 52-week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.