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 Thursday, June 27th, Wall Street Journal reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.018 per share by the investment management company on Wednesday, July 31st. This represents a $0.22 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, July 15th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

Shares of NYSE DSM opened at $5.94 on Friday. The firm’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.75. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $4.69 and a 1-year high of $5.96.

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.