BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Plans Monthly Dividend of $0.02

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, March 27th, Zacks reports. Shareholders of record on Friday, April 12th will be paid a dividend of 0.019 per share by the investment management company on Tuesday, April 30th. This represents a $0.23 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, April 11th.

BNY Mellon Strategic Municipals Stock Performance

LEO opened at $6.10 on Friday. BNY Mellon Strategic Municipals has a 52 week low of $4.98 and a 52 week high of $6.50. The business has a 50 day moving average of $5.99 and a 200-day moving average of $5.71.

Institutional Trading of BNY Mellon Strategic Municipals

A number of hedge funds have recently modified their holdings of LEO. Virtu Financial LLC purchased a new position in BNY Mellon Strategic Municipals during the 4th quarter valued at about $76,000. Arkos Global Advisors purchased a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at about $281,000. Nuveen Asset Management LLC bought a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at about $704,000. Cohen & Steers Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at approximately $352,000. Finally, Pathstone Holdings LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter worth $740,000.

BNY Mellon Strategic Municipals Company Profile

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