Dreyfus Strategic Muni. (NYSE:LEO) declared a monthly dividend on Friday, March 29th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be paid a dividend of 0.035 per share by the investment management company on Tuesday, April 30th. This represents a $0.42 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, April 11th.

Dreyfus Strategic Muni. has decreased its dividend by an average of 6.0% annually over the last three years.

LEO stock opened at $7.99 on Wednesday. Dreyfus Strategic Muni. has a 52 week low of $7.01 and a 52 week high of $8.08.

An institutional investor recently raised its position in Dreyfus Strategic Muni. stock. Geode Capital Management LLC increased its stake in shares of Dreyfus Strategic Muni. (NYSE:LEO) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,420 shares of the investment management company’s stock after purchasing an additional 2,546 shares during the quarter. Geode Capital Management LLC owned approximately 0.06% of Dreyfus Strategic Muni. worth $283,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 14.50% of the company’s stock.

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Dreyfus Strategic Muni. Company Profile

Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.

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Dividend History for Dreyfus Strategic Muni. (NYSE:LEO)

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