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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.018 per share by the investment management company on Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, February 14th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 13.2% per year over the last three years.

BNY Mellon Strategic Municipal Bond Fund Price Performance

BNY Mellon Strategic Municipal Bond Fund stock remained flat at $5.84 during mid-day trading on Friday. 136,119 shares of the company’s stock were exchanged, compared to its average volume of 142,311. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.54 and a 12 month high of $6.38. The stock’s fifty day simple moving average is $5.91 and its two-hundred day simple moving average is $6.03.

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.