BNY Mellon Municipal Bond Closed-End Funds Announce Distribution Declarations
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Monthly Distribution Announcement: BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. have declared a monthly distribution of $0.023 per share, payable on October 31, 2025, to shareholders of record on October 14, 2025.
Company Background: BNY Investments, part of BNY Mellon, manages $2.1 trillion in assets and offers a range of investment solutions, while BNY itself is the oldest bank in America with $55.8 trillion in assets under custody as of June 30, 2025.
Analyst Views on DSM
Wall Street analysts forecast DSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DSM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 6.110
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Current: 6.110
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About DSM
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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
