BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Plans $0.02 Monthly Dividend

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.019 per share by the investment management company on Friday, February 28th. This represents a $0.23 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th.

BNY Mellon Strategic Municipals has decreased its dividend by an average of 17.4% per year over the last three years.

BNY Mellon Strategic Municipals Price Performance

Shares of BNY Mellon Strategic Municipals stock traded down $0.02 during mid-day trading on Friday, hitting $6.13. 182,002 shares of the stock were exchanged, compared to its average volume of 159,135. The company has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $6.30. BNY Mellon Strategic Municipals has a twelve month low of $5.79 and a twelve month high of $6.64.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.