Dreyfus Strategic Muni. Declares Monthly Dividend of $0.04 (LEO)
Dreyfus Strategic Muni. (NYSE:LEO) announced a monthly dividend on Friday, December 29th, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.043 per share by the investment management company on Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date is Thursday, January 11th.
Dreyfus Strategic Muni. has decreased its dividend payment by an average of 3.9% per year over the last three years.
Shares of Dreyfus Strategic Muni. (NYSE:LEO) opened at $8.75 on Wednesday. The stock has a market cap of $541.79, a price-to-earnings ratio of 291.67 and a beta of -0.06. Dreyfus Strategic Muni. has a 52 week low of $8.35 and a 52 week high of $9.18.
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Dreyfus Strategic Municipals, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund has Long-Term Municipal Investments in various states of the United States, such as Alabama, Alaska, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wyoming and the United States related.
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