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

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.03 per share by the investment management company on Friday, October 30th. This represents a $0.36 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, October 14th.

BNY Mellon Strategic Municipals Price Performance

LEO stock opened at $5.46 on Wednesday. The company’s 50-day moving average is $6.06 and its 200-day moving average is $6.25. BNY Mellon Strategic Municipals has a 1 year low of $5.42 and a 1 year high of $6.55.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol LEO. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. These securities can support public services and infrastructure projects, including education, transportation, utilities and healthcare.