Dreyfus Strateg (DSM) Plans $0.04 Monthly Dividend
Dreyfus Strateg (NYSE:DSM) declared a monthly dividend on Thursday, November 30th, Wall Street Journal reports. Stockholders of record on Thursday, December 14th will be given a dividend of 0.0415 per share by the investment management company on Friday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend is Wednesday, December 13th.
Dreyfus Strateg has decreased its dividend by an average of 4.4% per year over the last three years.
Dreyfus Strateg (NYSE DSM) traded down $0.01 during mid-day trading on Thursday, hitting $8.43. 76,700 shares of the stock traded hands, compared to its average volume of 89,237. Dreyfus Strateg has a 1 year low of $7.88 and a 1 year high of $8.85.
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Dreyfus Strateg Company Profile
Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.
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