LEO (BNY Mellon Strategic Municipals,) Dividend Payout Ratio: 1.84 (As of Mar. 2026) — 52% Below Median


LEO BNY Mellon Strategic Municipals, Inc. LEO
30 GF Score
Price $6.45
! 6 Warning Signs
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What is BNY Mellon Strategic Municipals, Dividend Payout Ratio?

BNY Mellon Strategic Municipals, LEO +0.16% 30 Dividend Payout Ratio is 1.84 as of Mar. 2026, which is 52% below its 10-year median of 3.82. GuruFocus rates LEO with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 935 Asset Management companies, BNY Mellon Strategic Municipals, ranks worse than 76.68% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. BNY Mellon Strategic Municipals,'s Dividend Payout Ratio for the months ended in Mar. 2026 was 1.84.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of BNY Mellon Strategic Municipals, Inc. is 1.41, which seems too high.

The historical rank and industry rank for BNY Mellon Strategic Municipals,'s Dividend Payout Ratio or its related term are showing as below:

LEO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19   Med: 3.82   Max: 17.2
Current: 1.41

During the past 9 years, the highest Dividend Payout Ratio of BNY Mellon Strategic Municipals, was 17.20. The lowest was 0.19. And the median was 3.82.

LEO's Dividend Payout Ratio is ranked worse than
76.68% of 935 companies
in the Asset Management industry
Industry Median: 0.71 vs LEO: 1.41

As of today (2026-06-26), the Dividend Yield % of BNY Mellon Strategic Municipals, is 4.57%.

During the past 9 years, the highest Trailing Annual Dividend Yield of BNY Mellon Strategic Municipals, was 6.95%. The lowest was 3.51%. And the median was 5.05%.

BNY Mellon Strategic Municipals,'s Dividends per Share for the months ended in Mar. 2026 was $0.15.

During the past 12 months, BNY Mellon Strategic Municipals,'s average Dividends Per Share Growth Rate was 23.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -11.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -12.80% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of BNY Mellon Strategic Municipals, was -1.80% per year. The lowest was -18.40% per year. And the median was -9.15% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

BNY Mellon Strategic Municipals, (NYSE:LEO) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

BNY Mellon Strategic Municipals, Dividend Payout Ratio Related Terms

BNY Mellon Strategic Municipals, Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for BNY Mellon Strategic Municipals,'s Dividend Payout Ratio 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 Municipals, Dividend Payout Ratio Chart

BNY Mellon Strategic Municipals, Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.55 0.00 6.60 0.19 0.00

BNY Mellon Strategic Municipals, Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.31 0.00 1.13 1.84

LEO vs VKI, AEF, SDHY: Dividend Payout Ratio Comparison

For the Asset Management subindustry, BNY Mellon Strategic Municipals,'s Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Municipals, Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where BNY Mellon Strategic Municipals,'s Dividend Payout Ratio falls into.


LEO
30GF Score
BNY Mellon Strategic Municipals, Inc. LEO
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BNY Mellon Strategic Municipals, Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

BNY Mellon Strategic Municipals,'s Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Sep. 2025 )/ EPS without NRI (A: Sep. 2025 )
=0.248/ -0.21
=N/A

BNY Mellon Strategic Municipals,'s Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.147/ 0.08
=1.84

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.84 mean?
BNY Mellon Strategic Municipals, (LEO) has a Dividend Payout Ratio of 1.84 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BNY Mellon Strategic Municipals, and its competitors. This is 52% below median its historical median of 3.82. Over the past decade, BNY Mellon Strategic Municipals,'s Dividend Payout Ratio has ranged from 0.19 to 17.20. According to the industry distribution chart, BNY Mellon Strategic Municipals, ranks #717 out of 935 companies in the Asset Management industry, placing it in the top 76.7%.
Is BNY Mellon Strategic Municipals,'s Dividend Payout Ratio too high?
BNY Mellon Strategic Municipals,'s current Dividend Payout Ratio of 1.84 is 52% below median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 17.20. The Asset Management industry median Dividend Payout Ratio is 0.71. BNY Mellon Strategic Municipals,'s value of 1.84 is 159.2% above this industry median. Based on the distribution chart, BNY Mellon Strategic Municipals, ranks #717 out of 935 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BNY Mellon Strategic Municipals, has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon Strategic Municipals,'s Dividend Payout Ratio compare to VKI and AEF?
According to the Asset Management industry distribution chart, BNY Mellon Strategic Municipals, ranks #717 out of 935 companies for Dividend Payout Ratio. This places BNY Mellon Strategic Municipals, in the lower half of its industry. The industry median Dividend Payout Ratio is 0.71. BNY Mellon Strategic Municipals,'s value of 1.84 is 159.2% above this benchmark. Historically, BNY Mellon Strategic Municipals,'s own Dividend Payout Ratio has ranged from 0.19 to 17.20 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 0.71, BNY Mellon Strategic Municipals, has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.71, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BNY Mellon Strategic Municipals,'s current Dividend Payout Ratio of 1.84 is 159.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BNY Mellon Strategic Municipals, and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNY Mellon Strategic Municipals,'s current Dividend Payout Ratio is 1.84, which is 52% below median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon Strategic Municipals, stock overvalued right now?
BNY Mellon Strategic Municipals, (LEO) has a current Dividend Payout Ratio of 1.84. The current Dividend Payout Ratio is 1.84, which is 52% below median its 10-year median of 3.82 and 159.2% above the Asset Management industry median of 0.71. BNY Mellon Strategic Municipals,'s overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For BNY Mellon Strategic Municipals, (LEO), the current Dividend Payout Ratio is 1.84 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BNY Mellon Strategic Municipals, Business Description

Address c/o BNY Mellon Investment Adviser, Inc, 240 Greenwich Street, New York, NY, USA, 10286
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products include equity and fixed income mutual funds, retail money market funds, government/treasury money market funds, institutional money market funds, and others. The company and its affiliates, as well as others involved in the management, sales, investment activities, business operations, or distribution of the fund, are engaged in businesses and have interests other than those of managing the fund.
30GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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