BNY Mellon Strategic Municipal Bond Fund, Inc.
DSMFinancial Services · Stock · monthly payer
$6.12
Add to PortfolioForward Yield
5.88%
Annual Dividend
$0.36
Payout Ratio
33%
5-Yr Growth
-5.2%
Ex-Date
Jun 11, 2026
Frequency
Monthly
DSM Dividend Safety Score
60/ 100
Grade C
Borderline
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2024
Earnings payout coverage33% of earnings paid out
Balance-sheet strengthDebt/equity of 0.36
Yield vs its historyYield is 1.3× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is DSM a good dividend stock?
Yes, with caveatsBNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) pays a monthly dividend yielding 5.88% ($0.36/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (33%)
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.88%
- Payout Ratio
- 33%
- Annual Dividend
- $0.36
- 5-Yr Avg Growth
- -5.2%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.71
- Market Cap
- $302.5M
- P/E Ratio
- —
- 5-Yr Total Return
- -26%
- 52-Week Range
- $5.45 – $6.30
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 13, 2026 | — | $0.0260 | regular |
| Apr 14, 2026 | — | $0.0260 | regular |
| Mar 12, 2026 | — | $0.0260 | regular |
| Feb 12, 2026 | — | $0.0260 | regular |
| Jan 14, 2026 | — | $0.0230 | regular |
| Dec 11, 2025 | — | $0.0230 | regular |
| Nov 14, 2025 | — | $0.0230 | regular |
| Oct 14, 2025 | — | $0.0230 | regular |
| Sep 12, 2025 | — | $0.0230 | regular |
| Aug 13, 2025 | — | $0.0230 | regular |
| Jul 14, 2025 | — | $0.0230 | regular |
| Jun 12, 2025 | — | $0.0230 | regular |
| May 14, 2025 | — | $0.0180 | regular |
| Apr 14, 2025 | — | $0.0180 | regular |
Income Calculator
At $0.36 / yr per share
Per payment (monthly)$3.00
Annual$36.00
Monthly avg$3.00
