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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.03 per share on Monday, February 3rd. This represents a $0.36 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, January 21st.

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

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB opened at $10.41 on Tuesday. BNY Mellon Municipal Bond Infrastructure Fund has a 12-month low of $9.93 and a 12-month high of $11.27. The firm has a 50-day moving average price of $10.68 and a 200 day moving average price of $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.