BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Issue Monthly Dividend of $0.03 on December 1st

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.03 per share by the investment management company on Tuesday, December 1st. This represents a $0.36 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, November 13th.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM opened at $5.54 on Friday. The company’s 50-day moving average is $5.44 and its 200-day moving average is $5.90. BNY Mellon Strategic Municipal Bond Fund has a fifty-two week low of $5.07 and a fifty-two week high of $6.30.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) is a closed-end investment fund managed within BNY Mellon’s investment-management business. The fund is designed to provide investors with current income that is generally exempt from regular federal income tax.

The fund invests primarily in municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and related entities across the United States. Its portfolio may include bonds financing public infrastructure and services such as schools, transportation systems, utilities and health-care facilities.

BNY Mellon Strategic Municipal Bond Fund is intended for investors seeking tax-advantaged income and exposure to the U.S.