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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) declared 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 annualized dividend 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 payment by an average of 17.3% annually over the last three years.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.3 %

Shares of DMB stock traded up $0.04 during trading on Thursday, hitting $10.71. The company had a trading volume of 48,987 shares, compared to its average volume of 66,334. BNY Mellon Municipal Bond Infrastructure Fund has a 52 week low of $9.93 and a 52 week high of $11.28. The stock’s 50-day moving average is $10.63 and its two-hundred day moving average is $10.72.

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.