Dreyfus Strategic Municipal Bond Fund announces USD0.0415 per share dividend.
M2 EQUITYBITES-September 30, 2015-Dreyfus Strategic Municipal Bond Fund announces USD0.0415 per share dividend
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Dreyfus Strategic Municipal Bond Fund Inc (NYSE:DSM) reported on Wednesday that it will pay a monthly common stock cash dividend of USD0.0415 per share from net investment income as approved by its board of directors.
All shareholders of record at the close of business on 15 October 2015 will receive the payment on 30 October 2015 and the ex-dividend date is 13 October 2015. The previous dividend declared in August was also USD0.0415 per share.
A diversified closed-end management investment company, Dreyfus Strategic Municipal Bond Fund seeks to maximise current income that is exempt from federal income tax while preserving capital. It invests at least 80% of its assets in municipal bonds and issues auction rate preferred stock and invests the proceeds in a manner consistent with its investment objective.
The Dreyfus Corporation serves as the fund's investment adviser.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 30, 2015|
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