Everything You Need to Know About BNY Mellon Strategic Municipals' Dividend Before Aug 13, 2025

BNY Mellon Strategic Municipals (LEO) recently announced a cash dividend of $0.023 per share, with the ex-dividend date set for Aug 13, 2025, and the payment date scheduled for Aug 29, 2025. This dividend is notably lower than the average of the last ten dividends, which stands at $0.040 per share. The previous dividend issued by the company was also $0.023 per share on Jul 31, 2025.

As of late, BNY Mellon Strategic Municipals has attracted attention due to several key developments. City of London Investment Management Co. Ltd. revealed in its latest filing that it holds a 0.55% stake in BNY Mellon Strategic Municipals, valued at $2,083,000. This indicates sustained institutional interest in the company despite fluctuations in its stock value.

Over the past week, reports have highlighted the performance of LEO shares, which have seen a decline from $6.04 at the beginning of the year to $5.91 as of Aug 7, 2025. Analysts have noted this decrease and are considering its implications for the company's market position. Additionally, BNY Mellon Investment Adviser, Inc. recently announced strategic updates regarding its municipal bond funds, including BNY Mellon Strategic Municipals, which may influence the company's future financial prospects.

Since the last update, the closed-ended fixed income mutual fund structure of BNY Mellon Strategic Municipals has been under review. Industry observers suggest this could impact the fund's long-term strategy and operational efficiency.

In conclusion, as investors consider their positions in BNY Mellon Strategic Municipals, it's crucial to note that Aug 13, 2025, marks the ex-dividend date. Investors must purchase shares by this date to be eligible for the upcoming dividend payment; any purchases made afterward will not qualify for this dividend distribution.