BNY Mellon Strategic Municipals, Inc. (LEO) To Go Ex-Dividend on January 14th

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) declared a monthly dividend on Tuesday, December 30th. Shareholders of record on Wednesday, January 14th will be paid a dividend of 0.023 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, January 14th.

BNY Mellon Strategic Municipals Price Performance

NYSE:LEO opened at $6.41 on Monday. The firm has a 50-day moving average of $6.28 and a two-hundred day moving average of $6.12. BNY Mellon Strategic Municipals has a 1-year low of $5.55 and a 1-year high of $6.45.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Hedge funds have recently bought and sold shares of the business. Williams Jones Wealth Management LLC. acquired a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at approximately $269,000. Fort Point Capital Partners LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the third quarter worth $68,000. Bulldog Investors LLP raised its holdings in BNY Mellon Strategic Municipals by 18.2% in the third quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after acquiring an additional 111,628 shares in the last quarter. Pathstone Holdings LLC raised its holdings in BNY Mellon Strategic Municipals by 23.2% in the third quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock valued at $23,998,000 after acquiring an additional 723,676 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in BNY Mellon Strategic Municipals by 4.2% during the 3rd quarter. Van ECK Associates Corp now owns 453,270 shares of the investment management company’s stock valued at $2,833,000 after acquiring an additional 18,435 shares during the last quarter.

About BNY Mellon Strategic Municipals

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.