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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Wednesday, May 27th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipal Bond Fund Price Performance

BNY Mellon Strategic Municipal Bond Fund stock opened at $6.09 on Thursday. BNY Mellon Strategic Municipal Bond Fund has a twelve month low of $5.45 and a twelve month high of $6.30. The company’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.06.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cerity Partners LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth $56,000. Nomura Holdings Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth $74,000. BOKF NA bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth $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 worth $95,000 after buying an additional 2,765 shares during the period. Finally, Novak & Powell Financial Services Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth $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.