BNY Mellon Strategic Municipals, Inc. Announces Monthly Dividend of $0.02 (NYSE:LEO)

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Tuesday, May 14th will be given a dividend of 0.019 per share by the investment management company on Friday, May 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, May 13th.

BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 15.2% per year over the last three years.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO stock opened at $5.89 on Wednesday. The firm has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $5.79. BNY Mellon Strategic Municipals has a 12 month low of $4.98 and a 12 month high of $6.33.

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.