Dreyfus Strategic Muni. to Issue Monthly Dividend of $0.04 (NYSE:LEO)
Dreyfus Strategic Muni. (NYSE:LEO) declared a monthly dividend on Thursday, August 29th, NASDAQ reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.035 per share by the investment management company on Monday, September 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Friday, September 13th.
Dreyfus Strategic Muni. has decreased its dividend by an average of 6.0% per year over the last three years.
LEO traded down $0.14 during trading hours on Wednesday, reaching $8.46. 2,844 shares of the company’s stock traded hands, compared to its average volume of 141,727. The firm has a 50-day moving average price of $8.56 and a 200 day moving average price of $8.18. Dreyfus Strategic Muni. has a 52-week low of $7.01 and a 52-week high of $8.75.
Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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.
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