BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Dividend Payout Ratio : 2.61 (As of Nov. 2023)

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What is BNY Mellon Strategic Municipal Bond Fund, Dividend Payout Ratio?

BNY Mellon Strategic Municipal Bond Fund,'s dividend payout ratio for the months ended in Nov. 2023 was 2.61.

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 Municipal Bond Fund, Inc. is 1.71, which seems too high.

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

DSM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.49 Med: 1.02 Max: 42.7
Current: 1.71

During the past 7 years, the highest Dividend Payout Ratio of BNY Mellon Strategic Municipal Bond Fund, was 42.70. The lowest was 0.49. And the median was 1.02.

DSM's Dividend Payout Ratio is ranked worse than
81.9% of 939 companies
in the Asset Management industry
Industry Median: 0.82 vs DSM: 1.71

As of today (2024-04-26), the Dividend Yield % of BNY Mellon Strategic Municipal Bond Fund, is 4.09%.

During the past 7 years, the highest Trailing Annual Dividend Yield of BNY Mellon Strategic Municipal Bond Fund, was 7.27%. The lowest was 4.09%. And the median was 5.57%.

BNY Mellon Strategic Municipal Bond Fund,'s Dividends per Share for the months ended in Nov. 2023 was $0.11.

During the past 12 months, BNY Mellon Strategic Municipal Bond Fund,'s average Dividends Per Share Growth Rate was -29.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -12.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -9.20% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of BNY Mellon Strategic Municipal Bond Fund, was -5.50% per year. The lowest was -12.20% per year. And the median was -8.20% per year.

The growth rate is calculated with least square regression.

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

BNY Mellon Strategic Municipal Bond Fund, Dividend Payout Ratio Historical Data

The historical data trend for BNY Mellon Strategic Municipal Bond Fund,'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.

* Premium members only.

BNY Mellon Strategic Municipal Bond Fund, Dividend Payout Ratio Chart

BNY Mellon Strategic Municipal Bond Fund, Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.49

1.20

0.72

1.28

BNY Mellon Strategic Municipal Bond Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial								1.50	-	-	1.32	2.61

Competitive Comparison of BNY Mellon Strategic Municipal Bond Fund,'s Dividend Payout Ratio

For the Asset Management subindustry, BNY Mellon Strategic Municipal Bond Fund,'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 Municipal Bond Fund,'s Dividend Payout Ratio Distribution in the Asset Management Industry

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

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

BNY Mellon Strategic Municipal Bond Fund, Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

BNY Mellon Strategic Municipal Bond Fund,'s Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	0.244	/	0.19
	=	1.28

BNY Mellon Strategic Municipal Bond Fund,'s Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	0.112	/	0.043
	=	2.60

BNY Mellon Strategic Municipal Bond Fund, (NYSE:DSM) Dividend Payout Ratio Explanation

In dividends investing, 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 Municipal Bond Fund, Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of BNY Mellon Strategic Municipal Bond Fund,'s Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellon.com

BNY Mellon Strategic Municipal Bond Fund, Inc. is a diversified closed-end management investment company. Its investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company provides access to a diverse global network of world-class investment management boutiques, that deliver investment insight and strategies backed by quality, performance, and client relationships.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Insight North America Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John P Shea	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
David Dipetrillo	officer: Vice President	C/O THE DREYFUS CORPORATION, 240 GREENWICH STREET, NEW YORK NY 10286
Mark D Woods	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286