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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Tuesday, December 30th. Investors of record on Wednesday, January 14th will be paid a dividend of 0.023 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, January 14th.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO traded up $0.03 during midday trading on Wednesday, hitting $6.38. The company had a trading volume of 97,815 shares, compared to its average volume of 186,112. The business’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $6.09. BNY Mellon Strategic Municipals has a twelve month low of $5.55 and a twelve month high of $6.39.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.