Dreyfus Strategic Municipals, Inc. (NYSE: LEO) Announces Dividend Increase
NEW YORK--(BUSINESS WIRE)--On Monday, November 9, 2009, the Board of Directors of Dreyfus Strategic Municipals, Inc. (NYSE: LEO) declared from net investment income a monthly cash dividend of $0.049 per share of common stock, payable on December 31, 2009, to shareholders of record at the close of business on December 3, 2009. The ex-dividend date is December 1, 2009. This dividend increase of $0.007 per share of common stock from the previous dividend of $0.042 per share of common stock declared in October is due primarily to income earned on the Fund’s portfolio securities and lower borrowing costs.
