Dreyfus Strategic Municipal Bond Fund Inc. Declares Monthly Cash Dividend, Payable on February 28, 2014
January 31, 2014 at 03:10 am IST
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On January 30, 2014, the Board of Directors of Dreyfus Strategic Municipal Bond Fund Inc. declared from net investment income a monthly cash dividend of $0.0475 per share of common stock, payable on February 28, 2014, to shareholders of record at the close of business on February 13, 2014. The ex-dividend date is February 11, 2014. The previous dividend declared in December was $0.0475 per share of common stock.
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.