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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.018 per share by the investment management company on Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, February 14th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 13.2% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

BNY Mellon Strategic Municipal Bond Fund stock remained flat at $5.84 during trading on Friday. 136,119 shares of the company were exchanged, compared to its average volume of 142,311. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $5.54 and a 52-week high of $6.38. The business’s 50-day moving average price is $5.91 and its 200 day moving average price is $6.03.

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.