BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Announces $0.03 Monthly Dividend

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared a monthly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 0.03 per share on Monday, June 3rd. This represents a $0.36 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, May 16th.

BNY Mellon Municipal Bond Infrastructure Fund has decreased its dividend by an average of 10.2% annually over the last three years.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE:DMB traded up $0.04 during midday trading on Monday, reaching $10.18. The company’s stock had a trading volume of 66,379 shares, compared to its average volume of 66,801. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $8.94 and a 1 year high of $11.79. The business has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.08.

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.