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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared a monthly dividend on Tuesday, February 3rd. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.042 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, February 18th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

BNY Mellon Municipal Bond Infrastructure Fund stock traded up $0.07 during mid-day trading on Wednesday, hitting $11.13. 13,774 shares of the company’s stock were exchanged, compared to its average volume of 66,430. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.58 and a fifty-two week high of $11.26. The company’s 50 day simple moving average is $10.86 and its 200-day simple moving average is $10.57.

About BNY Mellon Municipal Bond Infrastructure Fund

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.