BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) to Issue $0.03 Monthly Dividend

Posted by Brian Himes on Jun 30th, 2026

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Monday, June 29th. Investors of record on Tuesday, July 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, July 14th.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.7%

NYSE:DSM opened at $6.17 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.45 and a one year high of $6.30. The company has a fifty day moving average price of $6.09 and a 200 day moving average price of $6.09.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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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.