BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) To Go Ex-Dividend on July 14th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Monday, June 29th. Shareholders 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 yield of 5.8%. The ex-dividend date is Tuesday, July 14th.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.2%

Shares of NYSE DSM opened at $6.17 on Wednesday. The firm’s 50-day moving average is $6.10 and its two-hundred day moving average is $6.09. BNY Mellon Strategic Municipal Bond Fund has a 12-month low of $5.45 and a 12-month high of $6.30.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DSM. Thomas J. Herzfeld Advisors Inc. increased its position in BNY Mellon Strategic Municipal Bond Fund by 0.7% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 341,091 shares of the investment management company’s stock worth $2,105,000 after buying an additional 2,512 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 22.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,331 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,765 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 404,626 shares of the investment management company’s stock valued at $2,497,000 after acquiring an additional 4,692 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 42,452 shares of the investment management company’s stock valued at $262,000 after acquiring an additional 5,833 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth about $56,000.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.