BNY Mellon Strategic Municipals, Inc.
LEOFinancial Services · Stock · monthly payer
$6.38
Add to PortfolioForward Yield
5.60%
Annual Dividend
$0.36
Payout Ratio
141%
5-Yr Growth
-8.1%
Ex-Date
Jun 11, 2026
Frequency
Monthly
LEO Dividend Safety Score
54/ 100
Grade C
Borderline
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2024
Earnings payout coverage141% of earnings paid out
Balance-sheet strengthDebt/equity of 0.33
Yield vs its historyYield in line with its history
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 LEO a good dividend stock?
MixedBNY Mellon Strategic Municipals, Inc. (LEO) pays a monthly dividend yielding 5.60% ($0.36/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (141%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.60%
- Payout Ratio
- 141%
- Annual Dividend
- $0.36
- 5-Yr Avg Growth
- -8.1%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.63
- Market Cap
- $397.4M
- P/E Ratio
- 31.9
- 5-Yr Total Return
- -29%
- 52-Week Range
- $5.71 – $6.55
- Dividend Safety
- C · 54/100
- 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 | — | $0.0190 | regular |
| Apr 14, 2025 | — | $0.0190 | regular |
Income Calculator
At $0.36 / yr per share
Per payment (monthly)$3.00
Annual$36.00
Monthly avg$3.00
