BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) to Distribute Monthly Dividend of $0.05 on December 1st

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.05 per share on Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, November 18th.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.3%

Shares of DMB stock opened at $10.39 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund has a 1 year low of $9.19 and a 1 year high of $11.28. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $10.64.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors have recently bought and sold shares of the stock. Triumph Capital Management boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 17.8% in the second quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock valued at $93,000 after acquiring an additional 1,275 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock valued at $263,000 after purchasing an additional 2,425 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at $108,000. Readystate Asset Management LP acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at $163,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock worth $2,728,000 after buying an additional 31,290 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund, Inc (NYSE: DMB) is a closed-end investment fund managed by BNY Mellon Investment Adviser, Inc The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, cities, counties, and other public entities.

The fund focuses on municipal bonds that finance infrastructure and related public projects, including transportation systems, utilities, schools, hospitals, and other essential facilities.