BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shareholders to Receive $0.03 Monthly Dividend

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.03 per share by the investment management company on Tuesday, December 1st. This represents a $0.36 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, November 13th.

BNY Mellon Strategic Municipals Stock Up 1.3%

Shares of LEO stock opened at $5.92 on Friday. The company has a 50 day moving average price of $5.81 and a 200 day moving average price of $6.22. BNY Mellon Strategic Municipals has a one year low of $5.41 and a one year high of $6.55.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc (NYSE: LEO) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal obligations issued by states, municipalities, and other public authorities.

Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt municipal securities. By investing in debt issued across the United States, the fund provides exposure to the municipal bond market rather than operating a conventional commercial business or selling products and services directly to consumers.

BNY Mellon Investment Adviser, Inc, an affiliate of The Bank of New York Mellon Corporation, serves as the fund’s investment adviser.