BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) To Go Ex-Dividend on June 11th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Wednesday, May 27th. Investors of record on Thursday, June 11th will be given a dividend of 0.03 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 11th. This is a 15.4% increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM stock opened at $6.09 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a 1-year low of $5.45 and a 1-year high of $6.30. The company’s 50 day moving average is $6.05 and its 200 day moving average is $6.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Closed End Fund Advisors Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $619,000. Bulldog Investors LLP grew its position in BNY Mellon Strategic Municipal Bond Fund by 2.0% during the first quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company’s stock valued at $20,277,000 after acquiring an additional 65,851 shares during the last quarter. Bank of New York Mellon Corp bought a new position in BNY Mellon Strategic Municipal Bond Fund during the first quarter valued at approximately $423,000. Sit Investment Associates Inc. grew its position in BNY Mellon Strategic Municipal Bond Fund by 11.8% during the fourth quarter. Sit Investment Associates Inc. now owns 1,862,381 shares of the investment management company’s stock valued at $11,491,000 after acquiring an additional 195,867 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 22.0% during 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 during the last quarter.

About BNY Mellon Strategic Municipal Bond Fund

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.