BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Announces $0.03 Monthly Dividend

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Thursday, February 26th. Investors of record on Thursday, March 12th will be paid a dividend of 0.026 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, March 12th.

BNY Mellon Strategic Municipals Price Performance

NYSE:LEO traded down $0.02 during trading hours on Friday, hitting $6.49. 84,427 shares of the company traded hands, compared to its average volume of 177,366. BNY Mellon Strategic Municipals has a one year low of $5.55 and a one year high of $6.55. The firm’s 50-day simple moving average is $6.41 and its 200-day simple moving average is $6.26.

BNY Mellon Strategic Municipals Company Profile

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.