BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Distribute Monthly Dividend of $0.03 on October 30th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Tuesday, September 29th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.03 per share by the investment management company on Friday, October 30th. This represents a $0.36 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, October 14th.

BNY Mellon Strategic Municipal Bond Fund Trading Up 1.7%

Shares of NYSE DSM opened at $5.20 on Thursday. The stock has a fifty day moving average price of $5.70 and a 200 day moving average price of $5.93. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.07 and a 12-month high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DSM. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other municipal obligations.

The fund’s portfolio may include debt issued by states, cities, counties, and other governmental entities, as well as related public authorities. These securities generally finance public infrastructure and essential services, including schools, transportation systems, utilities, and healthcare facilities.