Dreyfus Strategic Muni. (NYSE:LEO) declared a monthly dividend on Thursday, June 27th, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.035 per share by the investment management company on Wednesday, July 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, July 12th.
Dreyfus Strategic Muni. has decreased its dividend by an average of 6.0% annually over the last three years.
Shares of Dreyfus Strategic Muni. stock traded up $0.07 on Wednesday, reaching $8.45. The stock had a trading volume of 1,600 shares, compared to its average volume of 117,359. The firm’s 50 day moving average price is $8.17. Dreyfus Strategic Muni. has a 1 year low of $7.01 and a 1 year high of $8.40.
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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