BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) announced a monthly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Tuesday, May 14th will be paid a dividend of 0.019 per share by the investment management company on Friday, May 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, May 13th.
BNY Mellon Strategic Municipals has decreased its dividend by an average of 15.2% per year over the last three years.
BNY Mellon Strategic Municipals Price Performance
Shares of LEO stock remained flat at $5.89 on Tuesday. The company had a trading volume of 102,405 shares, compared to its average volume of 163,571. BNY Mellon Strategic Municipals has a twelve month low of $4.98 and a twelve month high of $6.33. The stock’s 50 day moving average is $5.98 and its 200 day moving average is $5.79.
BNY Mellon Strategic Municipals Company Profile
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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