ProVise Management Group LLC Grows Stake in Dreyfus Strategic Municipals, Inc. (LEO)
ProVise Management Group LLC lifted its position in shares of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,116 shares of the investment management company’s stock after purchasing an additional 6,308 shares during the period. ProVise Management Group LLC owned about 0.24% of Dreyfus Strategic Municipals worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Dreyfus Strategic Municipals by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 14,414 shares of the investment management company’s stock valued at $128,000 after acquiring an additional 80 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Dreyfus Strategic Municipals by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,142 shares of the investment management company’s stock valued at $144,000 after acquiring an additional 49 shares during the last quarter. Doliver Capital Advisors LP bought a new stake in Dreyfus Strategic Municipals in the third quarter valued at approximately $148,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Dreyfus Strategic Municipals by 38.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,534 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 5,933 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Dreyfus Strategic Municipals by 5.2% in the second quarter. Janney Montgomery Scott LLC now owns 22,200 shares of the investment management company’s stock valued at $198,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.
Shares of Dreyfus Strategic Municipals, Inc. (LEO) remained flat at $$8.74 during mid-day trading on Tuesday. 96,600 shares of the company were exchanged, compared to its average volume of 96,102. Dreyfus Strategic Municipals, Inc. has a 52 week low of $8.17 and a 52 week high of $9.18.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 14th will be issued a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Monday, November 13th. Dreyfus Strategic Municipals’s payout ratio is presently 742.86%.
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Dreyfus Strategic Municipals Profile
Dreyfus Strategic Municipals, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund has Long-Term Municipal Investments in various states of the United States, such as Alabama, Alaska, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wyoming and the United States related.
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