BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) To Go Ex-Dividend on April 11th

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Wednesday, March 27th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be paid a dividend of 0.018 per share by the investment management company on Tuesday, April 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, April 11th.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM opened at $5.72 on Tuesday. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $4.69 and a 52-week high of $6.03. The stock has a fifty day simple moving average of $5.78 and a two-hundred day simple moving average of $5.49.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth about $40,000. JPMorgan Chase & Co. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 125,040.0% during the 4th quarter. JPMorgan Chase & Co. now owns 12,514 shares of the investment management company’s stock worth $72,000 after purchasing an additional 12,504 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $81,000. Truist Financial Corp acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $97,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth about $119,000.

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.