BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Plans Monthly Dividend of $0.03

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.03 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Thursday, August 13th.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.6%

Shares of DSM stock opened at $5.84 on Friday. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.49 and a fifty-two week high of $6.30. The stock has a 50 day moving average price of $6.07 and a two-hundred day moving average price of $6.08.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at about $56,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth about $74,000. BOKF NA purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $79,000. Janney Montgomery Scott LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 22.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock valued at $95,000 after buying an additional 2,765 shares in the last quarter. Finally, Novak & Powell Financial Services Inc. purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth about $111,000.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.