Dreyfus Strateg (NYSE:DSM) announced a monthly dividend on Monday, July 31st, Wall Street Journal reports. Stockholders of record on Friday, August 11th will be given a dividend of 0.0415 per share by the investment management company on Thursday, August 31st. This represents a $0.50 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Wednesday, August 9th.
Dreyfus Strateg has decreased its dividend by an average of 4.4% annually over the last three years.
Shares of Dreyfus Strateg (DSM) opened at 8.64 on Friday. Dreyfus Strateg has a 12-month low of $7.88 and a 12-month high of $9.10. The stock has a 50 day moving average of $8.67 and a 200 day moving average of $8.46.
Dreyfus Strateg Company Profile
Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.
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