BNY Mellon Strategic Municipals, Inc. (LEO) to Issue Monthly Dividend of $0.03 on February 27th

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Thursday, January 22nd. Investors of record on Thursday, February 12th will be paid a dividend of 0.026 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, February 12th. This is a 13.0% increase from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.02.

BNY Mellon Strategic Municipals Stock Performance

LEO opened at $6.34 on Friday. The stock’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.15. BNY Mellon Strategic Municipals has a 1 year low of $5.55 and a 1 year high of $6.46.

BNY Mellon Strategic Municipals Company Profile

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.