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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Wednesday, November 27th,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.018 per share by the investment management company on Tuesday, December 31st. This represents a $0.22 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, December 13th.

BNY Mellon Strategic Municipal Bond Fund has decreased its dividend by an average of 9.6% per year over the last three years.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM stock traded up $0.06 during trading hours on Thursday, hitting $6.06. 163,125 shares of the company’s stock traded hands, compared to its average volume of 127,446. The stock’s fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $6.00. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.27 and a 12-month 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.