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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.03 per share on Thursday, May 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, April 16th.

BNY Mellon Municipal Bond Infrastructure Fund has decreased its dividend by an average of 17.3% per year over the last three years.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB traded up $0.04 on Thursday, hitting $10.71. 48,987 shares of the company were exchanged, compared to its average volume of 66,334. The firm has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $10.72. BNY Mellon Municipal Bond Infrastructure Fund has a 12 month low of $9.93 and a 12 month high of $11.28.

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.