BNY Mellon Strategic Municipals, Inc. (LEO) To Go Ex-Dividend on June 11th

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE:LEO opened at $6.36 on Tuesday. BNY Mellon Strategic Municipals has a 1-year low of $5.71 and a 1-year high of $6.55. The business has a fifty day moving average price of $6.34 and a 200-day moving average price of $6.35.

BNY Mellon Strategic Municipals (NYSE:LEO) last released its quarterly earnings data on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The business had revenue of $7.57 million during the quarter.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Several large investors have recently bought and sold shares of LEO. Invesco Ltd. bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter worth about $561,000. Whitebox Advisors LLC increased its holdings in BNY Mellon Strategic Municipals by 14.3% in the 2nd quarter. Whitebox Advisors LLC now owns 305,421 shares of the investment management company’s stock worth $1,808,000 after buying an additional 38,121 shares in the last quarter. Bank of America Corp DE increased its holdings in BNY Mellon Strategic Municipals by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 204,596 shares of the investment management company’s stock worth $1,211,000 after buying an additional 8,810 shares in the last quarter. Curi Capital LLC bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter worth about $740,000. Finally, Corient Private Wealth LLC increased its holdings in BNY Mellon Strategic Municipals by 5.8% in the 2nd quarter. Corient Private Wealth LLC now owns 118,305 shares of the investment management company’s stock worth $700,000 after buying an additional 6,499 shares in the last quarter.

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.