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BNY Mellon sets monthly dividends for three municipal bond funds, to be paid February 28th.
BNY Mellon announced monthly dividends for three municipal bond funds on January 31st, all set to be paid on February 28th to shareholders of record by February 14th.
The funds—DSM, DMF, and LEO—have annualized dividends ranging from $0.22 to $0.23, with yields between 3.20% and 3.72%.
DSM and LEO have seen average annual dividend reductions of 13.2% and 17.4%, respectively, over the past three years.
Shares of all funds traded slightly lower on the announcement day.
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BNY Mellon fija los dividendos mensuales para tres fondos de bonos municipales, que se pagarán el 28 de febrero.