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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, February 14th.

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

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of NYSE DSM remained flat at $5.84 during trading hours on Friday. 136,119 shares of the company traded hands, compared to its average volume of 142,311. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.54 and a 1 year high of $6.38. The firm’s 50 day simple moving average is $5.91 and its two-hundred day simple moving average 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.