Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) announced a monthly dividend on Friday, March 29th, Wall Street Journal reports. Stockholders of record on Friday, April 12th will be paid a dividend of 0.035 per share by the investment management company on Tuesday, April 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Thursday, April 11th.
Dreyfus Strategic Municipal Bond Fund has decreased its dividend payment by an average of 5.0% per year over the last three years.
Shares of NYSE DSM traded up $0.01 during midday trading on Friday, reaching $7.61. The company’s stock had a trading volume of 73,268 shares, compared to its average volume of 121,818. Dreyfus Strategic Municipal Bond Fund has a one year low of $6.79 and a one year high of $7.86.
About Dreyfus Strategic Municipal Bond Fund
Dreyfus Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax. The fund seeks to maintain a weighted average maturity of greater than 10 years.
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