LEO
Dreyfus Strategic MunicipalsNYSE
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Fri, Dec. 2, 2:48 PM
    • S&P's index of municipal bonds fell 3.46% in November, writes Amey Stone in Barron's. That's the worst month since September 2008, when it fell 4.83%.
    • That interest rates rose sharply in November isn''t news, but S&P Dow Jones' J.R. Rieger says potential tax reform in which the highest marginal tax rate could be cut lowers the attractiveness of municipals.
    • Munis, says Rieger, are a retail-driven market, and thus sensitive to changes in sentiment and quick reversals in fund flows.
    • ETFs: MUB, NVG, IIM, NEA, NUV, NAD, PML, NZF, LEO, PZA, PMF, PMX, VMO, BFK, EVN, BLE, NXP, KTF, DSM, EIM, VGM, AFB, PMM, VKI, BKN, MVF
    | Fri, Dec. 2, 2:48 PM | 18 Comments
  • Wed, Nov. 30, 5:52 AM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.22%
    • Payable Dec. 30; for shareholders of record Dec. 14; ex-div Dec. 12.
    | Wed, Nov. 30, 5:52 AM
  • Mon, Nov. 14, 8:38 AM
    • Dreyfus Strategic Municipals (NYSE:LEO) had declared $0.043/share monthly dividend, in line with previous.
    • Payable Nov. 30; for shareholders of record Nov. 16; ex-div Nov. 14.
    | Mon, Nov. 14, 8:38 AM
  • Thu, Sep. 29, 4:47 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 5.55%
    • Payable Oct. 31; for shareholders of record Oct. 14; ex-div Oct. 12.
    | Thu, Sep. 29, 4:47 PM
  • Wed, Jun. 8, 11:52 AM
    • "We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” says Peter Hays, who oversees $119B as head of municipal bonds at BlackRock.
    • He notes Illinois is a state that refuses to pass a budget, and has the lowest funded ratio on their pension of any state.
    • The term "bond vigilantes" was invented with regards to investors forcing discipline on national governments, but they've been mostly absent from the $3.7T municipal market, despite a number of notable bankruptcy filings of late, as well as Puerto Rico's issues.
    • The lowest-rated U.S. state, Illinois this week announced plans to borrow $550M for capital projects on June 16. For now, investors are demanding an extra 183 basis points to hold Illinois 10-year debt vs. AAA munis. Still the yield is just 3.42% - that's 20 basis points lower than four years ago, when Illinois had a two-step higher credit rating than it does today.
    • ETFs: MUB, NVG, IIM, NUV, PML, NZF, LEO, PZA, PMF, NEA, PMX, VMO, BFK, EVN, BLE, NXP, KTF, DSM, EIM, VGM, AFB, NPM, PMM, VKI, BKN, MVF, NQM, TFI, MYI, IQI
    | Wed, Jun. 8, 11:52 AM | 50 Comments
  • Wed, Jun. 8, 11:52 AM
    • "We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” says Peter Hays, who oversees $119B as head of municipal bonds at BlackRock.
    • He notes Illinois is a state that refuses to pass a budget, and has the lowest funded ratio on their pension of any state.
    • The term "bond vigilantes" was invented with regards to investors forcing discipline on national governments, but they've been mostly absent from the $3.7T municipal market, despite a number of notable bankruptcy filings of late, as well as Puerto Rico's issues.
    • The lowest-rated U.S. state, Illinois this week announced plans to borrow $550M for capital projects on June 16. For now, investors are demanding an extra 183 basis points to hold Illinois 10-year debt vs. AAA munis. Still the yield is just 3.42% - that's 20 basis points lower than four years ago, when Illinois had a two-step higher credit rating than it does today.
    • ETFs: MUB, NVG, IIM, NUV, PML, NZF, LEO, PZA, PMF, NEA, PMX, VMO, BFK, EVN, BLE, NXP, KTF, DSM, EIM, VGM, AFB, NPM, PMM, VKI, BKN, MVF, NQM, TFI, MYI, IQI, MUA, OIA, MVT, XMPT, MEN, NPI, MYD, VKQ, NMO, PMO, MUE, MMU, NAD, NPP, BBK, EXD, NEV, BYM, NQS, DMF, MFL, BBF, MFM, KSM, MHD, EIV, MQY, MUH, BAF, MFT, MUS, MZF, PRB, MNP, EOT, NUW, DMB, DTF, MQT, NPF, BSD, MYF, NXR, CXH, NXQ, NIM, NMI, VTEB, FMN, VFL, PVI, RVNU, FMB
    | Wed, Jun. 8, 11:52 AM | 6 Comments
  • Thu, Mar. 31, 12:10 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 5.73%
    • Payable April 29; for shareholders of record April 13; ex-div April 11.
    | Thu, Mar. 31, 12:10 PM
  • Thu, Mar. 24, 11:15 AM
    • Coming nearly a year after it struck down a state plan to overhaul its retirement system ($111B shortfall), the Illinois Supreme Court does the same to Chicago and its $20B pension deficit.
    • The decision leaves the city needing to figure out a new way to shore up its retirement plans. It needs to make about an $886M payment this year - more than twice what was necessary a decade ago - and its already pushed through a record property-tax hike. Currently only Detroit among large U.S. cities has a lower credit rating than Chicago.
    • ETFs: MUB, IIM, NUV, PML, NIO, PZA, LEO, NEA, VMO, PMF
    | Thu, Mar. 24, 11:15 AM | 32 Comments
  • Dec. 30, 2015, 4:26 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.04%
    • Payable Jan 29; for shareholders of record Jan 15; ex-div Jan 13.
    | Dec. 30, 2015, 4:26 PM
  • Nov. 30, 2015, 5:47 AM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043share monthly dividend, in line with previous.
    • Forward yield 6.13%
    • Payable Dec. 31; for shareholders of record Dec. 11; ex-div Dec. 9.
    | Nov. 30, 2015, 5:47 AM
  • Nov. 12, 2015, 3:00 PM
    • There was a 20% jump in the number of requests for new municipal bond security identifiers, according to the CUSIP Issuance Trends Report - the first increase in five months.
    • While the start of Q4 and the beginning of a new fiscal year for many towns explains some of the jump, says CUSIP's Gerald Faulkner, the near-certain closing of ZIRP also plays a role.
    • It's a "dash for debt"  says S&P Capital IQ's Richard Peterson.
    • ETFs: MUB, IIM, NUV, PML, NIO, PZA, LEO, VMO, PMF, NEA, PMX, BFK, EVN, BLE, DSM, KTF, NQU, NXP, VGM, PMM
    | Nov. 12, 2015, 3:00 PM | 11 Comments
  • Oct. 29, 2015, 5:51 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.19%
    • Payable Nov. 30; for shareholders of record Nov. 16; ex-div Nov. 12.
    | Oct. 29, 2015, 5:51 PM
  • Sep. 29, 2015, 4:15 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.31%
    • Payable Oct. 30; for shareholders of record Oct. 15; ex-div Oct. 13.
    | Sep. 29, 2015, 4:15 PM
  • Sep. 9, 2015, 2:12 PM
    • General obligation bonds have been viewed as essentially default-proof forever, but part of Puerto Rico's five-year plan to restructure its $72B in debt includes the Commonwealth's GO paper.
    • These bonds were issued with a constitutional promise that the government would pay the debt service ahead of any other bills it has. "Unheard-of" is how the plan is described in a NYT article pondering the spillover effect to other GO debt should Puerto Rico successfully restructure.
    • Bond investors will no doubt put up a major fight, and Van Eck strategist Jim Colby expects a constitutional battle. Moody's Ted Hampton agrees, and sees a high probability of a long legal war.
    • Source: Barron's
    • ETFs: MUB, IIM, NUV, PML, NIO, PZA, LEO, VMO, NEA, PMF, PMX, BFK, EVN, BLE, DSM, KTF, NQU, NXP, VGM, PMM, AFB, MVF, VKI, EIM, NQM, NPM, TFI, OIA, BKN
    | Sep. 9, 2015, 2:12 PM | 7 Comments
  • Aug. 28, 2015, 5:16 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.47%
    • Payable Sept. 30; for shareholders of record Sept. 14; ex-div Sept. 10.
    | Aug. 28, 2015, 5:16 PM
  • Jul. 30, 2015, 4:44 PM
    • Dreyfus Strategic Municipals (NYSE:LEO) declares $0.043/share monthly dividend, in line with previous.
    • Forward yield 6.41%
    • Payable Aug. 31; for shareholders of record Aug. 13; ex-div Aug. 11.
    | Jul. 30, 2015, 4:44 PM