BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Friday, August 28th. Shareholders of record on Monday, September 14th will be given a dividend of 0.03 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, September 14th.
BNY Mellon Strategic Municipal Bond Fund Price Performance
Shares of NYSE:DSM opened at $5.58 on Friday. The company has a 50 day moving average of $5.88 and a 200-day moving average of $6.00. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.56 and a twelve month high of $6.30.
About BNY Mellon Strategic Municipal Bond Fund
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.
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