BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Will Pay Monthly Dividend of $0.03

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) declared a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.03 per share by the investment management company on Friday, October 30th. This represents a $0.36 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, October 14th.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM stock opened at $5.12 on Wednesday. BNY Mellon Strategic Municipal Bond Fund has a 1 year low of $5.07 and a 1 year high of $6.30. The business has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $5.94.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Large investors have recently added to or reduced their stakes in the stock. Bulldog Investors LLP boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 2.0% during the 1st quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company’s stock valued at $20,277,000 after acquiring an additional 65,851 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 15.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,920,587 shares of the investment management company’s stock worth $11,812,000 after acquiring an additional 260,230 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 11.8% during the fourth quarter. Sit Investment Associates Inc. now owns 1,862,381 shares of the investment management company’s stock worth $11,491,000 after purchasing an additional 195,867 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 87.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,476,212 shares of the investment management company’s stock worth $9,079,000 after buying an additional 689,844 shares during the period. Finally, Robinson Capital Management LLC boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 9.8% during the second quarter. Robinson Capital Management LLC now owns 467,193 shares of the investment management company’s stock worth $2,878,000 after buying an additional 41,717 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DSM. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other municipal obligations.

The fund’s portfolio may include debt issued by states, cities, counties, and other governmental entities, as well as related public authorities. These securities generally finance public infrastructure and essential services, including schools, transportation systems, utilities, and healthcare facilities.