BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Raises Dividend to $0.03 Per Share

Posted by Brian Himes on May 28th, 2026

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Wednesday, May 27th. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE DSM opened at $6.09 on Thursday. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.45 and a 12 month high of $6.30. The firm has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $6.06.

BNY Mellon Strategic Municipal Bond Fund Company Profile

(Get Free Report)

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.