DSM (BNY Mellon Strategic Municipal Bond Fund,) Shares Outstanding (EOP): 49.43 Mil (As of Nov. 2025)

BNY Mellon Strategic Municipal Bond Fund,  (NYSE:DSM) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

BNY Mellon Strategic Municipal Bond Fund, Shares Outstanding (EOP) Related Terms

The historical data trend for BNY Mellon Strategic Municipal Bond Fund,'s Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BNY Mellon Strategic Municipal Bond Fund, Shares Outstanding (EOP) Chart

BNY Mellon Strategic Municipal Bond Fund, Annual Data
	Trend	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23	Nov24	Nov25
Shares Outstanding (EOP)		Get a 7-Day Free Trial				49.42	49.43	49.43	49.43	49.43

BNY Mellon Strategic Municipal Bond Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24	May25	Nov25
Shares Outstanding (EOP)	Get a 7-Day Free Trial												49.43	49.43	49.43	49.43	49.43

DSM vs TEI, NCZ, ARDC: Shares Outstanding (EOP) Comparison

For the Asset Management subindustry, BNY Mellon Strategic Municipal Bond Fund,'s Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BNY Mellon Strategic Municipal Bond Fund, Shares Outstanding (EOP) vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipal Bond Fund,'s Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where BNY Mellon Strategic Municipal Bond Fund,'s Shares Outstanding (EOP) falls into.

BNY Mellon Strategic Municipal Bond Fund, Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

BNY Mellon Strategic Municipal Bond Fund, Business Description