BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.018 per share by the investment management company on Thursday, October 31st. This represents a $0.22 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, October 15th.
BNY Mellon Strategic Municipal Bond Fund has decreased its dividend payment by an average of 9.6% annually over the last three years.
BNY Mellon Strategic Municipal Bond Fund Stock Performance
Shares of NYSE DSM opened at $6.31 on Wednesday. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $4.69 and a twelve month high of $6.38. The stock’s 50 day moving average price is $6.13 and its 200-day moving average price is $5.90.
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.
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