Dreyfus Strategic Muni. (NYSE:LEO) announced a monthly dividend on Thursday, February 28th, Wall Street Journal reports. Shareholders of record on Thursday, March 14th will be paid a dividend of 0.035 per share by the investment management company on Friday, March 29th. This represents a $0.42 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Wednesday, March 13th.
Dreyfus Strategic Muni. has decreased its dividend payment by an average of 6.0% per year over the last three years.
NYSE:LEO traded down $0.01 during trading hours on Thursday, reaching $7.78. The company had a trading volume of 91,316 shares, compared to its average volume of 144,063. Dreyfus Strategic Muni. has a one year low of $7.01 and a one year high of $7.83.
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About Dreyfus Strategic Muni.
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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