BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Tuesday, May 14th will be paid a dividend of 0.018 per share by the investment management company on Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Monday, May 13th.
BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% per year over the last three years.
BNY Mellon Strategic Municipal Bond Fund Stock Performance
DSM stock traded up $0.03 during trading on Tuesday, reaching $5.62. The stock had a trading volume of 118,631 shares, compared to its average volume of 143,497. The firm has a fifty day moving average price of $5.74 and a 200 day moving average price of $5.55. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $4.69 and a 1-year high of $5.91.
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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