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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 13th will be paid a dividend of 0.026 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Wednesday, May 13th.

BNY Mellon Strategic Municipals Trading Up 0.2%

Shares of NYSE:LEO traded up $0.02 during midday trading on Thursday, hitting $6.31. The company’s stock had a trading volume of 77,716 shares, compared to its average volume of 181,467. The stock’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.33. BNY Mellon Strategic Municipals has a fifty-two week low of $5.71 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.