BNY Mellon Strategic Municipal Bond Fund, Inc.
DSMFinancial Services · Stock · monthly payer
Forward Yield
6.64%
Annual Dividend
$0.36
Payout Ratio
47%
5-Yr Growth
-7.0%
Ex-Date
Sep 14, 2026
Frequency
Monthly
Summary
As of September 2026, BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) yields 6.64% ($0.36 per share annually), with a blended fair-value estimate of $4.51 — -17% downside, so it screens as overvalued. Dividend safety grade: C (60/100). 1 years of dividend growth.
Is DSM a good dividend stock?
Yes, with caveatsBNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) pays a monthly dividend yielding 6.64% ($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 (47%)
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
- 6.64%
- Payout Ratio
- 47%
- Annual Dividend
- $0.36
- 5-Yr Avg Growth
- -7.0%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.71
- Market Cap
- $268.9M
- P/E Ratio
- 8.6
- 5-Yr Total Return
- -32%
- 52-Week Range
- $5.42 – $6.30
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
DSM Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+14%
5 Years
-32%
52-Week Range
$5.42 – $6.30
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DSM worth?
Overvaluedhigh confidenceOur blended fair-value estimate for BNY Mellon Strategic Municipal Bond Fund, Inc. is $4.51 per share, versus a market price of $5.42. That implies 17% of downside.
Fair Value
$4.51
Current Price
$5.42
Downside
-17%
Margin of Safety
-20%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.1% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.8% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.63 EPS, $0.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DSM Dividend Safety Score
Borderline
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | — | $0.0300 | regular |
| Aug 13, 2026 | — | $0.0300 | regular |
| Jul 14, 2026 | — | $0.0300 | regular |
| Jun 11, 2026 | — | $0.0300 | regular |
| 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 |
Income Calculator
At $0.36 / yr per share
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