BNY Mellon Strategic Municipal Bond Fund, Inc. to Issue Monthly Dividend of $0.02 (NYSE:DSM)

Key Points

• BNY Mellon Strategic Municipal Bond Fund announced a monthly dividend of $0.02 per share, representing an annualized yield of 5.0%, with an ex-dividend date set for August 13th.
• As of the latest trading session, the fund's stock price increased by 0.6%, reaching $5.52, while trading volume was below its average.
• The fund primarily invests in investment-grade municipal bonds that are exempt from federal income tax, aiming to provide fixed income for investors.

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report) declared a monthly dividend on Thursday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, August 13th will be given a dividend of 0.023 per share by the investment management company on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, August 13th.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.6%

DSM traded up $0.04 during trading on Thursday, reaching $5.52. The stock had a trading volume of 99,431 shares, compared to its average volume of 144,622. The business has a 50-day moving average of $5.58 and a 200-day moving average of $5.71. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.28 and a one year high of $6.38.

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.

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