BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Announces $0.03 Monthly Dividend

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSMGet Rating) announced a monthly dividend on Friday, April 1st, Wall Street Journal reports. Stockholders of record on Thursday, April 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, April 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of NYSE:DSM opened at $6.91 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $6.83 and a 1 year high of $8.59. The business’s 50-day moving average price is $7.19.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 1.0% in the 3rd quarter. Morgan Stanley now owns 344,776 shares of the investment management company’s stock worth $2,751,000 after acquiring an additional 3,316 shares during the period. LPL Financial LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 20.2% in the 4th quarter. LPL Financial LLC now owns 270,350 shares of the investment management company’s stock worth $2,257,000 after acquiring an additional 45,357 shares during the period. Invesco Ltd. boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 68.4% in the 4th quarter. Invesco Ltd. now owns 178,616 shares of the investment management company’s stock worth $1,491,000 after acquiring an additional 72,572 shares during the period. Citadel Advisors LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth approximately $1,208,000. Finally, Bank of America Corp DE boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 16.9% in the 4th quarter. Bank of America Corp DE now owns 88,197 shares of the investment management company’s stock worth $737,000 after acquiring an additional 12,750 shares during the period. Hedge funds and other institutional investors own 25.87% of the company’s stock.

BNY Mellon Strategic Municipal Bond Fund Company Profile (Get Rating)

BNY Mellon Strategic Municipal Bond Fund, Inc operates as closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company was founded in 1989 and is headquartered in New York, NY.

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Dividend History for BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM)

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