BNY Mellon sets $0.02 monthly dividend for three bond funds, despite recent payout declines.

BNY Mellon announced monthly dividends for three municipal bond funds: LEO, DMF, and DSM, each at $0.02 per share, payable on January 31st to shareholders of record on January 15th. LEO's yield is 3.77%, DMF's is 3.21%, and DSM's is 3.72%. Despite the dividends, these funds have reduced their dividend payments by an average of 15.2%, 18.1%, and 9.6% annually over the past three years, respectively.

December 31, 2024
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