BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Announces $0.05 Monthly Dividend

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, August 4th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.05 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, August 18th.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE DMB opened at $10.55 on Wednesday. The business’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.91. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.89 and a 1 year high of $11.28.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $2,784,000. Bulldog Investors LLP lifted its position 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 acquiring an additional 120,446 shares in the last quarter. HighTower Advisors LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4.7% in the 4th quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock worth $510,000 after purchasing an additional 2,068 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth about $227,000. Finally, Nomura Holdings Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $102,000.

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.