BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Rating) announced a monthly dividend on Wednesday, June 1st, Wall Street Journal reports. Shareholders of record on Tuesday, June 14th will be paid a dividend of 0.03 per share by the investment management company on Thursday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Monday, June 13th.
DSM stock traded up $0.02 during midday trading on Wednesday, reaching $6.69. 98,251 shares of the company traded hands, compared to its average volume of 127,507. The business has a 50 day moving average of $6.63 and a 200-day moving average of $7.39. BNY Mellon Strategic Municipal Bond Fund has a 52-week low of $6.17 and a 52-week high of $8.59.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 33.1% in the first quarter. Guggenheim Capital LLC now owns 734,074 shares of the investment management company’s stock worth $5,189,000 after buying an additional 182,476 shares during the period. Morgan Stanley raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% in the third quarter. Morgan Stanley now owns 344,776 shares of the investment management company’s stock worth $2,751,000 after buying an additional 3,316 shares during the period. Rivernorth Capital Management LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 41.4% in the first quarter. Rivernorth Capital Management LLC now owns 329,367 shares of the investment management company’s stock worth $2,329,000 after buying an additional 96,414 shares during the period. LPL Financial LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 20.2% in the fourth quarter. LPL Financial LLC now owns 270,350 shares of the investment management company’s stock worth $2,257,000 after buying an additional 45,357 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.2% in the first quarter. Invesco Ltd. now owns 180,775 shares of the investment management company’s stock worth $1,278,000 after buying an additional 2,159 shares during the period. Hedge funds and other institutional investors own 27.18% of the company’s stock.
About BNY Mellon Strategic Municipal Bond Fund (Get Rating)
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.
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