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

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Monday, June 29th. Shareholders of record on Tuesday, July 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, July 14th.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of DSM stock opened at $6.17 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $5.45 and a 52-week high of $6.30. The firm has a fifty day moving average of $6.09 and a 200-day moving average of $6.09.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter worth about $56,000. Nomura Holdings Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at approximately $74,000. BOKF NA acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $79,000. Janney Montgomery Scott LLC grew its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 22.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 2,765 shares during the period. Finally, Novak & Powell Financial Services Inc. bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at approximately $111,000.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.