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

Key Points

• BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) declared a monthly dividend of $0.026 per share for shareholders of record on May 13, payable May 29, with an ex-dividend date of May 13 and an indicated yield of about 5.2%.
• The fund is a closed-end municipal bond vehicle sponsored by The Bank of New York Mellon that aims to provide current income exempt from federal income tax, trading near $6.05 with a 1‑year range of $5.45–$6.30 and 50/200‑day moving averages around $6.04–$6.05.

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report) announced a monthly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.026 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, May 13th.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE:DSM opened at $6.05 on Thursday. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.45 and a 1-year high of $6.30. The firm has a fifty day simple moving average of $6.04 and a 200 day simple moving average of $6.05.

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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