Dreyfus Strategic Municipals, Inc. Declares Dividend
January 24 2006 - 11:40AM
Business Wire
On January 24, 2006, the Board of Directors of Dreyfus Strategic
Municipals, Inc. (NYSE: LEO) declared from net investment income a
monthly cash dividend of $0.042 per share of common stock, payable
on February 24, 2006 to shareholders of record at the close of
business on February 9, 2006. The ex-dividend date is February 7,
2006. The previous dividend declared in December was $0.046 per
share of common stock. The level of dividend reduction principally
is due to lower interest rates being realized on securities
purchased with the income and principal proceeds from portfolio
securities that have matured, been called or been sold and
increased borrowing costs on the Fund's auction preferred stock.
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