Dreyfus Strategic Muni. (NYSE:LEO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.20 and last traded at $8.25, with a volume of 2200 shares traded. The stock had previously closed at $8.19.
The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 14th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 5.16%. The ex-dividend date is Monday, May 13th.
Large investors have recently made changes to their positions in the stock. Creative Planning raised its position in Dreyfus Strategic Muni. by 14.4% during the 1st quarter. Creative Planning now owns 12,413 shares of the investment management company’s stock worth $98,000 after purchasing an additional 1,563 shares during the last quarter. Wedbush Securities Inc. raised its position in Dreyfus Strategic Muni. by 11.1% during the 1st quarter. Wedbush Securities Inc. now owns 13,907 shares of the investment management company’s stock worth $110,000 after purchasing an additional 1,394 shares during the last quarter. Shulman DeMeo Asset Management LLC bought a new position in Dreyfus Strategic Muni. during the 1st quarter worth $116,000. Two Sigma Securities LLC raised its position in Dreyfus Strategic Muni. by 23.9% during the 4th quarter. Two Sigma Securities LLC now owns 14,940 shares of the investment management company’s stock worth $107,000 after purchasing an additional 2,878 shares during the last quarter. Finally, Merriman Wealth Management LLC bought a new position in Dreyfus Strategic Muni. during the 4th quarter worth $117,000. 14.82% of the stock is owned by institutional investors and hedge funds.
Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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