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 Monday, December 30th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.018 per share by the investment management company on Friday, January 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

BNY Mellon Strategic Municipal Bond Fund Price Performance

DSM traded up $0.02 during trading on Tuesday, hitting $5.81. 174,601 shares of the company traded hands, compared to its average volume of 132,341. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.54 and a one year high of $6.38. The stock’s fifty day moving average is $5.99 and its 200 day moving average is $6.04.

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.