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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Monday, March 30th. Investors of record on Tuesday, April 14th will be given a dividend of 0.026 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, April 14th.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO opened at $6.09 on Tuesday. The company’s fifty day moving average is $6.39 and its 200 day moving average is $6.32. BNY Mellon Strategic Municipals has a fifty-two week low of $5.55 and a fifty-two week high of $6.55.

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.