BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) to Distribute Monthly Dividend of $0.05 on August 3rd

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Thursday, July 2nd. Stockholders of record on Friday, July 17th will be given a dividend of 0.05 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, July 17th.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE:DMB opened at $11.06 on Friday. The firm’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.92. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $9.85 and a 1-year high of $11.28.

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.