Dreyfus Strategic Muni. (NYSE:LEO) declared a monthly dividend on Friday, September 27th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.035 per share by the investment management company on Thursday, October 31st. This represents a $0.42 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Friday, October 11th.
Dreyfus Strategic Muni. has decreased its dividend by an average of 6.0% per year over the last three years.
LEO opened at $8.62 on Wednesday. Dreyfus Strategic Muni. has a 52 week low of $7.01 and a 52 week high of $8.75. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.27.
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.
Further Reading: Dividend
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