BNY Mellon Strategic Municipal BndFndInc (N:DSM)
Business Focus: Closed End Funds
Cloudy as of April 01, 2024
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Company News
Apr 29, 2024 16:15 ET
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable May 31, 2024 to shareholders of record on May 14, 2024, with an ex-dividend date of May 13, 2024.
Mar 27, 2024 16:12 ET
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable April 30, 2024 to shareholders of record on April 12, 2024, with an ex-dividend date of April 11, 2024.
Valuation Ratios
Industry
Sector
Beta
0.59
--
--
Price to Sales - TTM
13.67
9.90
3.70
Price to Book - most recent quarter
0.88
0.95
1.32
Price to Cash Flow per share - TTM
--
16.27
13.00
Price to Free Cash Flow per share - TTM
22.31
18.49
15.86
Business Summary
| Sector: Financials | Industry: Closed End Funds |
BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) 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. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.
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