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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.019 per share by the investment management company on Monday, March 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, March 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 Price Performance

Shares of NYSE LEO traded up $0.03 during mid-day trading on Friday, reaching $6.31. 101,144 shares of the company traded hands, compared to its average volume of 188,301. BNY Mellon Strategic Municipals has a fifty-two week low of $5.79 and a fifty-two week high of $6.64. The stock has a fifty day simple moving average of $6.15 and a 200-day simple moving average of $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.