BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) To Go Ex-Dividend on December 16th

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, December 2nd. Investors of record on Tuesday, December 16th will be paid a dividend of 0.042 per share on Friday, January 2nd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, December 16th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.64 on Friday. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.58 and a 52-week high of $10.98. The firm has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $10.35.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently added to or reduced their stakes in DMB. LPL Financial LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 3.1% in the first quarter. LPL Financial LLC now owns 131,351 shares of the company’s stock valued at $1,388,000 after buying an additional 3,894 shares during the period. HighTower Advisors LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 27.9% in the 1st quarter. HighTower Advisors LLC now owns 39,651 shares of the company’s stock valued at $419,000 after acquiring an additional 8,657 shares in the last quarter. Samalin Investment Counsel LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 49,783 shares of the company’s stock valued at $526,000 after acquiring an additional 2,580 shares during the period. Almitas Capital LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 62.6% during the first quarter. Almitas Capital LLC now owns 103,475 shares of the company’s stock worth $1,094,000 after acquiring an additional 39,821 shares in the last quarter. Finally, Riverbridge Partners LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 4.0% in the second quarter. Riverbridge Partners LLC now owns 167,977 shares of the company’s stock worth $1,717,000 after purchasing an additional 6,449 shares during the period.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.