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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared 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 of this dividend is Friday, July 17th.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.4%

NYSE DMB opened at $11.06 on Friday. The stock has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $10.92. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $9.85 and a twelve month high of $11.28.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bulldog Investors LLP raised its stake in shares of 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 during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 1st quarter worth approximately $125,000. Janney Montgomery Scott LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after purchasing an additional 2,425 shares during the period. Sit Investment Associates Inc. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at approximately $2,784,000. Finally, Saba Capital Management L.P. increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the 4th quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock valued at $17,200,000 after purchasing an additional 315,971 shares during the last quarter.

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.