BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) to Issue Monthly Dividend of $0.05 on June 1st

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared a monthly dividend on Wednesday, April 22nd. Investors of record on Monday, May 18th will be given a dividend of 0.05 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, May 18th. This is a 19.0% increase from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.04.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.7%

DMB opened at $10.85 on Friday. The firm has a fifty day moving average price of $10.81 and a 200 day moving average price of $10.86. 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.