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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.019 per share by the investment management company on Friday, February 28th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th.

BNY Mellon Strategic Municipals has decreased its dividend payment by an average of 17.4% per year over the last three years.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO traded down $0.02 during trading hours on Friday, hitting $6.13. 182,002 shares of the company were exchanged, compared to its average volume of 159,135. BNY Mellon Strategic Municipals has a fifty-two week low of $5.79 and a fifty-two week high of $6.64. The firm’s fifty day moving average is $6.19 and its 200 day moving average is $6.30.

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.