BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Issue Monthly Dividend of $0.02 on May 31st

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Monday, April 29th, Wall Street Journal reports. Investors of record on Tuesday, May 14th will be paid a dividend of 0.018 per share by the investment management company on Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Monday, May 13th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.2 %

BNY Mellon Strategic Municipal Bond Fund stock traded up $0.01 during mid-day trading on Wednesday, reaching $5.63. 98,704 shares of the company were exchanged, compared to its average volume of 142,963. The business has a fifty day moving average of $5.73 and a 200 day moving average of $5.55. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $4.69 and a 12-month high of $5.91.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.