BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Increases Dividend to $0.05 Per Share

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 18th will be given a dividend of 0.05 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend 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 Stock Up 0.0%

Shares of NYSE DMB opened at $10.91 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.85 and a 1 year high of $11.28. The stock has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.83.

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.