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, March 3rd. Investors 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 yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.2%

NYSE DMB traded up $0.02 during trading on Wednesday, reaching $11.01. 30,740 shares of the stock traded hands, compared to its average volume of 67,003. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $9.58 and a fifty-two week high of $11.28. The stock’s 50-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.