BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) To Go Ex-Dividend on February 12th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.026 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, February 12th. This is a 13.0% increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.02.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM stock opened at $6.22 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.28 and a fifty-two week high of $6.30. The company’s 50 day moving average price is $6.09 and its 200 day moving average price is $5.92.

Insiders Place Their Bets

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 27,875 shares of the business’s stock in a transaction on Friday, November 28th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $164,462.50. Following the completion of the purchase, the insider directly owned 5,180,466 shares in the company, valued at approximately $30,564,749.40. This represents a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Capital Management Inc. boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 20.4% in the 2nd quarter. Integrated Capital Management Inc. now owns 40,069 shares of the investment management company’s stock valued at $224,000 after buying an additional 6,776 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 186.6% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 366,054 shares of the investment management company’s stock worth $2,050,000 after purchasing an additional 238,330 shares in the last quarter. Traub Capital Management LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at about $297,000. Envestnet Asset Management Inc. grew its stake in BNY Mellon Strategic Municipal Bond Fund by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 196,010 shares of the investment management company’s stock worth $1,098,000 after buying an additional 20,857 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 24.3% during the second quarter. Aviance Capital Partners LLC now owns 37,491 shares of the investment management company’s stock worth $210,000 after buying an additional 7,319 shares during the period.

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.