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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Tuesday, December 30th. Shareholders of record on Wednesday, January 14th will be paid a dividend of 0.023 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, January 14th.

BNY Mellon Strategic Municipals Stock Performance

Shares of BNY Mellon Strategic Municipals stock traded up $0.03 during mid-day trading on Wednesday, hitting $6.38. The stock had a trading volume of 117,295 shares, compared to its average volume of 186,117. The firm has a 50-day moving average of $6.27 and a two-hundred day moving average of $6.09. BNY Mellon Strategic Municipals has a 12-month low of $5.55 and a 12-month high of $6.39.

Institutional Trading of BNY Mellon Strategic Municipals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in shares of BNY Mellon Strategic Municipals by 72.7% during the third quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock worth $39,000 after purchasing an additional 2,654 shares in the last quarter. Fort Point Capital Partners LLC purchased a new position in BNY Mellon Strategic Municipals in the third quarter valued at approximately $68,000. Koshinski Asset Management Inc. acquired a new stake in BNY Mellon Strategic Municipals during the second quarter worth approximately $86,000. Nomura Holdings Inc. purchased a new stake in BNY Mellon Strategic Municipals in the second quarter valued at $118,000. Finally, Landscape Capital Management L.L.C. boosted its position in shares of BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 3,275 shares during the period.

About BNY Mellon Strategic Municipals

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.