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

Key Points

• BNY Mellon Strategic Municipals, Inc. declared a monthly dividend of $0.02 per share, with an annualized yield of 4.4% for investors of record as of October 14th.
• The company's stock opened at $6.21, with a 12-month price range between $5.55 and $6.64, indicating relatively stable price performance.
• Several institutional investors have recently increased or established stakes in BNY Mellon Strategic Municipals, signaling potential confidence in the fund's future prospects.

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) declared a monthly dividend on Monday, September 29th. Investors of record on Tuesday, October 14th will be paid a dividend of 0.023 per share by the investment management company on Friday, October 31st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, October 14th.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.21 on Tuesday. BNY Mellon Strategic Municipals has a 12-month low of $5.55 and a 12-month high of $6.64. The firm has a 50 day moving average of $5.97 and a two-hundred day moving average of $5.92.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the 1st quarter valued at about $38,000. Confluence Wealth Services Inc. purchased a new position in BNY Mellon Strategic Municipals during the first quarter valued at approximately $72,000. Koshinski Asset Management Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth approximately $86,000. Nomura Holdings Inc. purchased a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at approximately $118,000. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company's stock valued at $148,000 after purchasing an additional 3,275 shares during the period.

About BNY Mellon Strategic Municipals

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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