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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders 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 annualized dividend 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% annually over the last three years.

BNY Mellon Strategic Municipals Stock Down 0.3 %

BNY Mellon Strategic Municipals stock traded down $0.02 during mid-day trading on Friday, reaching $6.13. 182,002 shares of the company traded hands, compared to its average volume of 159,135. The firm’s 50 day moving average price is $6.19 and its 200 day moving average price is $6.30. BNY Mellon Strategic Municipals has a 52-week low of $5.79 and a 52-week high of $6.64.

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.