BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) declared a monthly dividend on Monday, June 29th. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, July 14th.
BNY Mellon Strategic Municipal Bond Fund Stock Up 0.7%
Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $6.17 on Tuesday. The company has a 50 day moving average of $6.09 and a 200-day moving average of $6.09. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.45 and a 1-year high of $6.30.
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.
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