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

Key Points

• BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend of $0.02 to be paid on August 29th, with an annualized yield of 4.7%.
• The ex-dividend date is set for August 13th, and shareholders of record will be compensated on this date.
• As of recent trading, BNY Mellon Strategic Municipals stock (LEO) was priced at $5.87, with a 52-week trading range between $5.55 and $6.64.

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) announced a monthly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders 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 4.7%. The ex-dividend date is Wednesday, August 13th.

BNY Mellon Strategic Municipals Price Performance

LEO stock traded up $0.03 during trading on Friday, reaching $5.88. 187,426 shares of the stock traded hands, compared to its average volume of 144,006. The business's 50 day moving average price is $5.83 and its 200-day moving average price is $5.98. BNY Mellon Strategic Municipals has a 52-week low of $5.55 and a 52-week high of $6.64.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

A number of institutional investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. grew its position in BNY Mellon Strategic Municipals by 11.2% during the fourth quarter. Saba Capital Management L.P. now owns 4,932,793 shares of the investment management company's stock valued at $29,794,000 after acquiring an additional 496,846 shares during the period. Pathstone Holdings LLC boosted its position in shares of BNY Mellon Strategic Municipals by 34.8% in the fourth quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company's stock worth $8,993,000 after buying an additional 384,579 shares during the period. Wells Fargo & Company MN boosted its position in shares of BNY Mellon Strategic Municipals by 4.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,465,414 shares of the investment management company's stock worth $8,851,000 after buying an additional 64,526 shares during the period. Logan Stone Capital LLC boosted its position in shares of BNY Mellon Strategic Municipals by 0.6% in the fourth quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company's stock worth $7,517,000 after buying an additional 7,130 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of BNY Mellon Strategic Municipals by 3.4% in the fourth quarter. Guggenheim Capital LLC now owns 821,060 shares of the investment management company's stock worth $4,959,000 after buying an additional 27,217 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.