Ex-Div Reminder For Dreyfus Strategic Municipal Bond Fund (DSM)

Looking at the universe of stocks we cover at Dividend Channel, on 10/15/13, Dreyfus Strategic Municipal Bond Fund (DSM) will trade ex-dividend, for its monthly dividend of $0.0475, payable on 10/31/13. As a percentage of DSM's recent stock price of $7.41, this dividend works out to approximately 0.64%, so look for shares of Dreyfus Strategic Municipal Bond Fund to trade 0.64% lower — all else being equal — when DSM shares open for trading on 10/15/13.

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Below is a dividend history chart for DSM, showing historical dividends prior to the most recent $0.0475 declared by Dreyfus Strategic Municipal Bond Fund:

DSM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DSM is likely to continue, and whether the current estimated yield of 7.69% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of DSM shares, versus its 200 day moving average:

Dreyfus Strategic Municipal Bond Fund 200 Day Moving Average Chart

Looking at the chart above, DSM's low point in its 52 week range is $7.21 per share, with $9.86 as the 52 week high point — that compares with a last trade of $7.41.
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In Friday trading, Dreyfus Strategic Municipal Bond Fund shares are currently off about 0.5% on the day.

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