BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) declared a monthly dividend on Monday, April 29th, Wall Street Journal reports. Investors of record on Tuesday, May 14th will be paid a dividend of 0.019 per share by the investment management company on Friday, May 31st. This represents a $0.23 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Monday, May 13th.
BNY Mellon Strategic Municipals has decreased its dividend by an average of 15.2% per year over the last three years.
BNY Mellon Strategic Municipals Price Performance
Shares of BNY Mellon Strategic Municipals stock opened at $5.89 on Wednesday. BNY Mellon Strategic Municipals has a one year low of $4.98 and a one year high of $6.33. The stock’s fifty day moving average is $5.98 and its 200 day moving average is $5.79.
About BNY Mellon Strategic Municipals
BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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