BNY Mellon Strategic Municipals, Inc. $LEO is Bulldog Investors LLP’s 10th Largest Position

Bulldog Investors LLP increased its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,576,371 shares of the investment management company’s stock after purchasing an additional 95,859 shares during the quarter. BNY Mellon Strategic Municipals makes up approximately 2.2% of Bulldog Investors LLP’s portfolio, making the stock its 10th biggest holding. Bulldog Investors LLP’s holdings in BNY Mellon Strategic Municipals were worth $9,915,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Capital Analysts LLC purchased a new stake in BNY Mellon Strategic Municipals in the fourth quarter worth $26,000. Gilpin Wealth Management LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at $29,000. BOKF NA purchased a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at $78,000. Evolve Private Wealth LLC bought a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth $96,000. Finally, Summit Financial LLC bought a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth $113,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of BNY Mellon Strategic Municipals stock opened at $6.38 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.71 and a 52-week high of $6.55. The stock’s 50-day simple moving average is $6.39 and its 200 day simple moving average is $6.38.

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 for the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be paid a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, July 14th.

BNY Mellon Strategic Municipals 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.