BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Plans $0.03 Monthly Dividend

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be given a dividend of 0.03 per share on Monday, February 3rd. This represents a $0.36 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, January 21st.

BNY Mellon Municipal Bond Infrastructure Fund has decreased its dividend payment by an average of 17.3% per year over the last three years.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.5 %

Shares of NYSE:DMB traded down $0.05 during trading on Monday, hitting $10.41. 84,841 shares of the company’s stock traded hands, compared to its average volume of 70,073. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $9.93 and a 52 week high of $11.27. The company has a 50-day moving average price of $10.68 and a 200-day moving average price of $10.80.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.