BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Declares Monthly Dividend of $0.02

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.018 per share by the investment management company on Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, November 15th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% per year over the last three years.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

Shares of BNY Mellon Strategic Municipal Bond Fund stock traded down $0.01 during mid-day trading on Friday, reaching $6.01. 96,659 shares of the stock were exchanged, compared to its average volume of 127,745. The firm has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $5.95. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $4.86 and a fifty-two week high of $6.38.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.