BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Announces $0.03 Monthly Dividend

Key Points

• $0.026 monthly dividend declared for BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM), payable April 30 to shareholders of record April 14, with an annualized yield of 5.4% (ex-dividend date April 14).
• DSM shares opened at $5.81, trading in a 52-week range of $5.28–$6.30 with 50- and 200-day moving averages of $6.10 and $6.04; the closed-end fund, sponsored by BNY Mellon, aims to provide federally tax-exempt current income via a municipal bond portfolio.

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report) declared a monthly dividend on Monday, March 30th. Investors of record on Tuesday, April 14th will be given a dividend of 0.026 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, April 14th.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.1%

Shares of DSM stock opened at $5.81 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.28 and a fifty-two week high of $6.30. The firm's 50 day moving average price is $6.10 and its two-hundred day moving average price is $6.04.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc NYSE: DSM is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.

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