BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Issue Monthly Dividend of $0.02 on December 2nd

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.018 per share by the investment management company on Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, November 15th.

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

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM traded down $0.01 during mid-day trading on Friday, hitting $6.01. The company’s stock had a trading volume of 96,659 shares, compared to its average volume of 127,745. The company’s 50-day moving average is $6.17 and its 200-day moving average is $5.95. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $4.86 and a 52-week 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.