Ex-Div Reminder For Dreyfus Strategic Municipals (LEO)

Looking at the universe of stocks we cover at Dividend Channel, on 10/15/13, Dreyfus Strategic Municipals, Inc. ( LEO) will trade ex-dividend, for its monthly dividend of $0.049, payable on 10/31/13. As a percentage of LEO's recent stock price of $7.74, this dividend works out to approximately 0.63%, so look for shares of Dreyfus Strategic Municipals, Inc. to trade 0.63% lower — all else being equal — when LEO shares open for trading on 10/15/13.

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Below is a dividend history chart for LEO, showing historical dividends prior to the most recent $0.049 declared by Dreyfus Strategic Municipals, Inc.:

LEO+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 LEO is likely to continue, and whether the current estimated yield of 7.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LEO shares, versus its 200 day moving average:

Dreyfus Strategic Municipals, Inc. 200 Day Moving Average Chart

Looking at the chart above, LEO's low point in its 52 week range is $7.37 per share, with $10.26 as the 52 week high point — that compares with a last trade of $7.74.
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According to the ETF Finder at ETF Channel, LEO makes up 1.12% of the CEF Municipal Income ETF ( XMPT) which is trading relatively unchanged on the day Friday.

In Friday trading, Dreyfus Strategic Municipals, Inc. shares are currently down about 0.3% on the day.

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