BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) announced a monthly dividend on Tuesday, September 29th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.03 per share by the investment management company on Friday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, October 14th.
BNY Mellon Strategic Municipal Bond Fund Stock Performance
BNY Mellon Strategic Municipal Bond Fund stock opened at $5.12 on Wednesday. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.07 and a 1 year high of $6.30. The firm’s 50 day moving average price is $5.71 and its two-hundred day moving average price is $5.94.
About BNY Mellon Strategic Municipal Bond Fund
BNY Mellon Strategic Municipal Bond Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DSM. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other municipal obligations.
The fund’s portfolio may include debt issued by states, cities, counties, and other governmental entities, as well as related public authorities. These securities generally finance public infrastructure and essential services, including schools, transportation systems, utilities, and healthcare facilities.
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