BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) to Issue Monthly Dividend of $0.02 on December 1st

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Thursday, October 30th. Shareholders of record on Friday, November 14th will be paid a dividend of 0.023 per share by the investment management company on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 14th.

BNY Mellon Strategic Municipal Bond Fund Price Performance

DSM stock opened at $6.00 on Wednesday. The firm has a 50-day simple moving average of $5.94 and a two-hundred day simple moving average of $5.73. BNY Mellon Strategic Municipal Bond Fund has a one year low of $5.28 and a one year high of $6.18.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in BNY Mellon Strategic Municipal Bond Fund by 5.3% during the 1st quarter. Invesco Ltd. now owns 41,405 shares of the investment management company’s stock worth $239,000 after buying an additional 2,094 shares during the last quarter. Camelot Portfolios LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 7.4% during the 2nd quarter. Camelot Portfolios LLC now owns 41,854 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 2,894 shares in the last quarter. Riverbridge Partners LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 2.9% in the third quarter. Riverbridge Partners LLC now owns 164,586 shares of the investment management company’s stock worth $974,000 after buying an additional 4,612 shares during the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 46.4% during the first quarter. Landscape Capital Management L.L.C. now owns 21,262 shares of the investment management company’s stock valued at $123,000 after buying an additional 6,735 shares during the last quarter. Finally, Integrated Capital Management Inc. raised its stake in BNY Mellon Strategic Municipal Bond Fund by 20.4% in the 2nd quarter. Integrated Capital Management Inc. now owns 40,069 shares of the investment management company’s stock worth $224,000 after acquiring an additional 6,776 shares during the last quarter.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.