BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Plans $0.02 Monthly Dividend

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.019 per share by the investment management company on Monday, March 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, March 14th.

BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 17.4% per year over the last three years.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO traded up $0.03 during midday trading on Friday, hitting $6.31. The company had a trading volume of 101,144 shares, compared to its average volume of 188,301. BNY Mellon Strategic Municipals has a twelve month low of $5.79 and a twelve month high of $6.64. The business’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $6.30.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc 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.