Dreyfus Strategic Municipal Bond Fund (NYSE:DSM) declared a monthly dividend on Friday, December 29th, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.0415 per share by the investment management company on Wednesday, January 31st. This represents a $0.50 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, January 11th.
Dreyfus Strategic Municipal Bond Fund has decreased its dividend payment by an average of 4.4% annually over the last three years.
Dreyfus Strategic Municipal Bond Fund (NYSE:DSM) traded up $0.10 during midday trading on Friday, reaching $8.55. 242,618 shares of the company’s stock were exchanged, compared to its average volume of 92,282. Dreyfus Strategic Municipal Bond Fund has a 52 week low of $8.00 and a 52 week high of $8.85.
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Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.
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