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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Monday, June 29th. Investors of record on Tuesday, July 14th will be paid a dividend of 0.03 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, July 14th.

BNY Mellon Strategic Municipals Stock Up 0.7%

Shares of BNY Mellon Strategic Municipals stock opened at $6.50 on Tuesday. The business has a fifty day simple moving average of $6.37 and a 200 day simple moving average of $6.37. BNY Mellon Strategic Municipals has a 12 month low of $5.71 and a 12 month high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last released its earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The company had revenue of $7.57 million during the quarter.

About BNY Mellon Strategic Municipals

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.