BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Plans Monthly Dividend of $0.03

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Thursday, February 26th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.026 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, March 12th.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.3%

Shares of NYSE:DSM traded down $0.02 during midday trading on Friday, hitting $6.18. 43,171 shares of the company’s stock were exchanged, compared to its average volume of 89,203. The stock has a 50 day moving average price of $6.14 and a 200-day moving average price of $5.98. BNY Mellon Strategic Municipal Bond Fund has a 12 month low of $5.28 and a 12 month high of $6.30.

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.