BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) To Go Ex-Dividend on September 12th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, August 28th. Stockholders of record on Friday, September 12th will be paid a dividend of 0.023 per share by the investment management company on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.3%

Shares of NYSE DSM opened at $5.67 on Friday. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.28 and a fifty-two week high of $6.38. The stock has a fifty day moving average of $5.59 and a 200-day moving average of $5.67.

Insider Buying and Selling at BNY Mellon Strategic Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 6,350 shares of BNY Mellon Strategic Municipal Bond Fund stock in a transaction dated Thursday, June 26th. The stock was bought at an average cost of $5.55 per share, for a total transaction of $35,242.50. Following the completion of the transaction, the insider owned 5,152,591 shares in the company, valued at $28,596,880.05. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund

Hedge funds have recently made changes to their positions in the stock. Bulldog Investors LLP boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 156.2% during the fourth quarter. Bulldog Investors LLP now owns 2,101,361 shares of the investment management company’s stock valued at $12,223,000 after buying an additional 1,281,127 shares during the period. Karpus Management Inc. boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 3,220.3% during the second quarter. Karpus Management Inc. now owns 856,403 shares of the investment management company’s stock valued at $4,796,000 after buying an additional 830,610 shares during the period. Almitas Capital LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at $3,634,000. Pathstone Holdings LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 15.5% during the fourth quarter. Pathstone Holdings LLC now owns 2,474,029 shares of the investment management company’s stock valued at $14,397,000 after buying an additional 332,266 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 186.6% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 366,054 shares of the investment management company’s stock valued at $2,050,000 after buying an additional 238,330 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.