What is BNY Mellon Strategic Municipals, Total Payout Yield %?
Total Payout Yield % is the percent a company has paid to its shareholders through net repurchases of shares and dividends based on its Market Cap. It is a measure of shareholder return.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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BNY Mellon Strategic Municipals, Total Payout Yield % Chart
Competitive Comparison of BNY Mellon Strategic Municipals,'s Total Payout Yield %
For the Asset Management subindustry, BNY Mellon Strategic Municipals,'s Total Payout Yield %, along with its competitors' market caps and Total Payout Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BNY Mellon Strategic Municipals,'s Total Payout Yield % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s Total Payout Yield % distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipals,'s Total Payout Yield % falls into.
BNY Mellon Strategic Municipals, Total Payout Yield % Calculation
Total Payout Yield % is a measure of shareholder return.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BNY Mellon Strategic Municipals, Total Payout Yield % Explanation
Similar to Dividend Yield, Total Payout Yield % is a measurement of shareholder return. Dividends is not the only way that companies are able to distribute their excess cash back to the shareholders. The other way to distribute the cash is a stock repurchase. The stock repurchase buys back the company's own shares from the marketplace. This results in a reduced number of oustanding shares, making each share worth a greater percentage of the corporation.
BNY Mellon Strategic Municipals, Total Payout Yield % Related Terms
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BNY Mellon Strategic Municipals, (BNY Mellon Strategic Municipals,) Business Description
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products are Equity and Fixed Income Mutual Funds, Retail Money Market Funds, Government/Treasury Money Market Funds, Institutional Money Market Funds, and others.
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