BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) to Issue Monthly Dividend of $0.02

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Monday, December 30th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.019 per share by the investment management company on Friday, January 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, January 15th.

BNY Mellon Strategic Municipals has decreased its dividend by an average of 15.2% annually over the last three years.

BNY Mellon Strategic Municipals Price Performance

Shares of LEO stock traded up $0.04 on Tuesday, hitting $6.04. 489,269 shares of the company’s stock traded hands, compared to its average volume of 169,347. The company’s fifty day simple moving average is $6.25 and its 200 day simple moving average is $6.30. BNY Mellon Strategic Municipals has a one year low of $5.76 and a one year high of $6.64.

About BNY Mellon Strategic Municipals

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.