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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.018 per share by the investment management company on Thursday, October 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Tuesday, October 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 Up 0.8 %

NYSE DSM traded up $0.05 during trading hours on Tuesday, reaching $6.28. The company had a trading volume of 203,240 shares, compared to its average volume of 130,878. The stock has a 50-day moving average of $6.12 and a 200 day moving average of $5.89. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $4.69 and a 1-year 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.