BNY Mellon Strategic Municipals, Inc. (LEO) to Issue Monthly Dividend of $0.03 on June 30th

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, May 27th. Investors 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 5.6%. The ex-dividend date is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipals Trading Up 0.2%

NYSE:LEO opened at $6.42 on Friday. The firm’s 50 day simple moving average is $6.32 and its 200 day simple moving average is $6.34. BNY Mellon Strategic Municipals has a one year low of $5.71 and a one year high of $6.55.

BNY Mellon Strategic Municipals Company Profile

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.