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 Tuesday, August 6th, Wall Street Journal reports. Investors of record on Monday, August 19th will be paid a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, August 19th.

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

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB stock traded up $0.08 during mid-day trading on Tuesday, reaching $10.82. 47,182 shares of the stock traded hands, compared to its average volume of 68,820. The stock’s fifty day simple moving average is $10.54 and its two-hundred day simple moving average is $10.34. BNY Mellon Municipal Bond Infrastructure Fund has a 1-year low of $8.94 and a 1-year high of $11.20.

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.