Dreyfus Strategic Muni. Announces Monthly Dividend of $0.04 (NYSE:LEO)
Dreyfus Strategic Muni. (NYSE:LEO) announced a monthly dividend on Thursday, August 29th, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.035 per share by the investment management company on Monday, September 30th. This represents a $0.42 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, September 13th.
Dreyfus Strategic Muni. has decreased its dividend payment by an average of 6.0% annually over the last three years.
Shares of NYSE:LEO traded down $0.11 on Wednesday, reaching $8.49. 6,344 shares of the company’s stock were exchanged, compared to its average volume of 141,727. The company has a fifty day moving average of $8.56 and a 200-day moving average of $8.18. Dreyfus Strategic Muni. has a twelve month low of $7.01 and a twelve month high of $8.75.
Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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