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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.018 per share by the investment management company on Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, February 14th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend payment by an average of 13.2% annually over the last three years.

BNY Mellon Strategic Municipal Bond Fund Price Performance

DSM stock remained flat at $5.84 during trading on Friday. 136,119 shares of the company’s stock traded hands, compared to its average volume of 142,311. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.54 and a fifty-two week high of $6.38. The firm has a 50 day simple moving average of $5.91 and a two-hundred day simple moving average of $6.03.

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.