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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.03 per share on Monday, March 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, February 19th.

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

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 1.3 %

NYSE:DMB traded up $0.14 during trading hours on Wednesday, reaching $10.64. 87,533 shares of the company’s stock were exchanged, compared to its average volume of 72,462. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.93 and a 1-year high of $11.27. The company has a 50-day moving average of $10.54 and a 200 day moving average of $10.76.

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.