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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Tuesday, July 30th, Wall Street Journal reports. Shareholders of record on Wednesday, August 14th will be given a dividend of 0.018 per share by the investment management company on Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 3.54%. The ex-dividend date is Wednesday, August 14th.

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 Stock Up 0.8 %

BNY Mellon Strategic Municipal Bond Fund stock traded up $0.05 during mid-day trading on Tuesday, hitting $6.11. The company’s stock had a trading volume of 20,451 shares, compared to its average volume of 133,785. The firm’s 50 day moving average is $5.91 and its 200 day moving average is $5.79. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $4.69 and a 52-week high of $6.11.

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.