BNY Mellon Strategic Municipals, Inc. (LEO) To Go Ex-Dividend on March 12th

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Thursday, February 26th. Stockholders 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) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, March 12th.

BNY Mellon Strategic Municipals Trading Down 0.4%

NYSE LEO opened at $6.48 on Friday. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.26. BNY Mellon Strategic Municipals has a 52-week low of $5.55 and a 52-week high of $6.55.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

A number of hedge funds have recently made changes to their positions in LEO. Sit Investment Associates Inc. raised its holdings in BNY Mellon Strategic Municipals by 35.3% in the fourth quarter. Sit Investment Associates Inc. now owns 1,104,133 shares of the investment management company’s stock worth $7,022,000 after purchasing an additional 288,207 shares in the last quarter. Invesco Ltd. lifted its position in BNY Mellon Strategic Municipals by 86.8% during the fourth quarter. Invesco Ltd. now owns 188,345 shares of the investment management company’s stock valued at $1,198,000 after acquiring an additional 87,538 shares during the last quarter. Saba Capital Management L.P. lifted its position in BNY Mellon Strategic Municipals by 6.6% during the fourth quarter. Saba Capital Management L.P. now owns 6,076,820 shares of the investment management company’s stock valued at $38,649,000 after acquiring an additional 378,001 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in BNY Mellon Strategic Municipals by 5.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,195,115 shares of the investment management company’s stock worth $13,961,000 after purchasing an additional 119,962 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in BNY Mellon Strategic Municipals in the fourth quarter worth $96,000.

About BNY Mellon Strategic Municipals

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.