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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Friday, August 28th. Stockholders of record on Monday, September 14th will be paid a dividend of 0.03 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, September 14th.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE DSM opened at $5.58 on Friday. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.56 and a twelve month high of $6.30. The business has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $6.00.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 0.7% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 341,091 shares of the investment management company’s stock worth $2,105,000 after purchasing an additional 2,512 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 22.0% in 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 during the period. Noble Wealth Management PBC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 7.2% in the 2nd quarter. Noble Wealth Management PBC now owns 65,733 shares of the investment management company’s stock valued at $404,000 after buying an additional 4,400 shares during the period. Wells Fargo & Company MN grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 404,626 shares of the investment management company’s stock valued at $2,497,000 after buying an additional 4,692 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 42,452 shares of the investment management company’s stock worth $262,000 after acquiring an additional 5,833 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.