BNY Mellon Strategic Municipals, Inc. (LEO) to Distribute Monthly Dividend of $0.03 on August 31st

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.03 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, August 13th.

BNY Mellon Strategic Municipals Stock Down 0.7%

LEO stock opened at $6.15 on Friday. The stock’s 50 day simple moving average is $6.37 and its 200 day simple moving average is $6.37. BNY Mellon Strategic Municipals has a 12-month low of $5.80 and a 12-month high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last posted its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The business 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.