BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) to Issue $0.02 Monthly Dividend

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) announced a monthly dividend on Wednesday, March 27th, Zacks reports. Stockholders of record on Friday, April 12th will be given a dividend of 0.019 per share by the investment management company on Tuesday, April 30th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, April 11th.

BNY Mellon Strategic Municipals Stock Down 0.8 %

Shares of LEO opened at $5.94 on Wednesday. BNY Mellon Strategic Municipals has a twelve month low of $4.98 and a twelve month high of $6.50. The firm’s 50 day moving average price is $6.01 and its 200 day moving average price is $5.74.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of BNY Mellon Strategic Municipals by 12.9% in the second quarter. Wells Fargo & Company MN now owns 1,815,353 shares of the investment management company’s stock worth $11,291,000 after acquiring an additional 206,752 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of BNY Mellon Strategic Municipals by 343.1% in the first quarter. Rivernorth Capital Management LLC now owns 657,182 shares of the investment management company’s stock worth $4,725,000 after acquiring an additional 508,852 shares during the last quarter. Robinson Capital Management LLC boosted its stake in BNY Mellon Strategic Municipals by 765.5% during the first quarter. Robinson Capital Management LLC now owns 488,300 shares of the investment management company’s stock worth $3,521,000 after buying an additional 431,885 shares in the last quarter. Invesco Ltd. boosted its stake in BNY Mellon Strategic Municipals by 10.7% during the first quarter. Invesco Ltd. now owns 408,651 shares of the investment management company’s stock worth $2,938,000 after buying an additional 39,537 shares in the last quarter. Finally, UBS Group AG boosted its stake in BNY Mellon Strategic Municipals by 3.8% during the fourth quarter. UBS Group AG now owns 356,150 shares of the investment management company’s stock worth $2,087,000 after buying an additional 13,038 shares in the last quarter.

BNY Mellon Strategic Municipals Company Profile

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