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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Thursday, February 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.026 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, March 12th.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE:DSM traded down $0.02 on Friday, reaching $6.18. 43,171 shares of the company’s stock traded hands, compared to its average volume of 89,203. The stock has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $5.98. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.28 and a 12 month high of $6.30.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Several institutional investors and hedge funds have recently modified their holdings of DSM. Root Financial Partners LLC bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth $48,000. Cerity Partners LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth $56,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter valued at about $74,000. BOKF NA bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $79,000. Finally, Janney Montgomery Scott LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 22.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 2,765 shares in the last quarter.

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.