BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) announced a monthly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.019 per share by the investment management company on Monday, March 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.62%. The ex-dividend date 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
NYSE:LEO traded up $0.03 during mid-day trading on Friday, hitting $6.31. 101,144 shares of the company’s stock traded hands, compared to its average volume of 188,272. The firm has a 50 day moving average of $6.15 and a two-hundred day moving average of $6.30. BNY Mellon Strategic Municipals has a 12 month low of $5.79 and a 12 month high of $6.64.
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.
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