Stratos Wealth Partners LTD. continued to hold its stake in shares of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the investment management company’s stock at the end of the second quarter. Stratos Wealth Partners LTD.’s holdings in Dreyfus Strategic Municipals were worth $356,000 as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC boosted its stake in shares of Dreyfus Strategic Municipals by 5.2% in the second quarter. Janney Montgomery Scott LLC now owns 22,200 shares of the investment management company’s stock valued at $198,000 after buying an additional 1,100 shares during the last quarter. 7.91% of the stock is currently owned by institutional investors.
Dreyfus Strategic Municipals, Inc. (LEO) traded up 0.34% during trading on Friday, hitting $8.95. The stock had a trading volume of 91,106 shares. Dreyfus Strategic Municipals, Inc. has a one year low of $8.17 and a one year high of $9.45. The stock’s 50-day moving average is $9.01 and its 200 day moving average is $8.80.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be issued a $0.043 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.77%.
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About Dreyfus Strategic Municipals
Dreyfus 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. The Fund has Long-Term Municipal Investments in various states of the United States, such as Alabama, Alaska, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wyoming and the United States related.
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