BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Announces Dividend Increase – $0.03 Per Share

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.40 on Thursday. The company’s 50 day moving average is $6.31 and its 200 day moving average is $6.34. BNY Mellon Strategic Municipals has a 12-month low of $5.71 and a 12-month high of $6.55.

About BNY Mellon Strategic Municipals

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.