BNY Mellon Strategic Municipals, Inc. (LEO) to Distribute Monthly Dividend of $0.03 on July 31st

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Monday, June 29th. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 14th.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO opened at $6.49 on Wednesday. The firm’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $6.37. BNY Mellon Strategic Municipals has a twelve month low of $5.71 and a twelve month high of $6.55.

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

Institutional Trading of BNY Mellon Strategic Municipals

Several large investors have recently modified their holdings of the business. Capital Analysts LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at approximately $29,000. Fort Point Capital Partners LLC purchased a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $68,000. BOKF NA acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at approximately $78,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at approximately $96,000.

BNY Mellon Strategic Municipals Company Profile

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.