Dreyfus Strategic Municipal Bond Fund (NYSE:DSM) announced a monthly dividend on Wednesday, February 28th, Wall Street Journal reports. Stockholders of record on Wednesday, March 14th will be given a dividend of 0.035 per share by the investment management company on Thursday, March 29th. This represents a $0.42 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Tuesday, March 13th.

Dreyfus Strategic Municipal Bond Fund has decreased its dividend payment by an average of 4.1% annually over the last three years.

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Shares of Dreyfus Strategic Municipal Bond Fund (DSM) opened at $7.65 on Monday. Dreyfus Strategic Municipal Bond Fund has a 1-year low of $7.53 and a 1-year high of $8.85.

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About Dreyfus Strategic Municipal Bond Fund

Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.

Dividend History for Dreyfus Strategic Municipal Bond Fund (NYSE:DSM)

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