DREYFUS STRATEG (NYSE:DSM) announced a monthly dividend on Friday, September 29th, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.0415 per share by the investment management company on Tuesday, October 31st. This represents a $0.50 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, October 12th.
DREYFUS STRATEG has decreased its dividend by an average of 4.4% per year over the last three years.
Shares of DREYFUS STRATEG (NYSE:DSM) opened at 8.53 on Wednesday. The company’s 50 day moving average is $8.58 and its 200 day moving average is $8.53. DREYFUS STRATEG has a 12-month low of $7.88 and a 12-month high of $8.85.
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About DREYFUS STRATEG
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.