BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) announced a monthly dividend on Friday, August 28th. Stockholders of record on Monday, September 14th will be given a dividend of 0.03 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, September 14th.
BNY Mellon Strategic Municipals Trading Down 0.4%
Shares of NYSE:LEO opened at $5.92 on Friday. The business’s 50-day simple moving average is $6.22 and its 200 day simple moving average is $6.31. BNY Mellon Strategic Municipals has a one year low of $5.92 and a one year 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.
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