BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Stock to Pay Monthly Dividend of $0.05

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, November 3rd. Investors of record on Wednesday, November 18th will be given a dividend of $0.05 per share on Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Wednesday, November 18th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.2%

DMB stock opened at $10.30 on Wednesday. The stock’s 50 day moving average price is $9.91 and its 200 day moving average price is $10.64. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.19 and a 1 year high of $11.28.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bulldog Investors LLP raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 30.1% in the 1st quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after purchasing an additional 120,446 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock valued at $263,000 after purchasing an additional 2,425 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at about $108,000. Readystate Asset Management LP purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at about $163,000. Finally, Triumph Capital Management boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 17.8% during the 2nd quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock worth $93,000 after purchasing an additional 1,275 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund, Inc (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities.

The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.