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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.018 per share by the investment management company on Friday, January 31st. This represents a $0.22 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Wednesday, January 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 Trading Up 0.3 %

Shares of DSM traded up $0.02 during trading hours on Tuesday, hitting $5.81. 174,601 shares of the stock traded hands, compared to its average volume of 132,341. The business has a fifty day moving average of $5.99 and a 200-day moving average of $6.04. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.54 and a 1-year high of $6.38.

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.