BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) to Issue $0.04 Monthly Dividend

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, March 3rd. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.042 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.1%

DMB stock traded up $0.01 on Wednesday, reaching $11.00. 26,522 shares of the company were exchanged, compared to its average volume of 66,991. BNY Mellon Municipal Bond Infrastructure Fund has a 12 month low of $9.58 and a 12 month high of $11.28. The stock’s fifty day moving average price is $11.04 and its 200 day moving average price is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.