BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Set to Pay Monthly Dividend of $0.05

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Friday, October 2nd. Investors of record on Monday, October 19th will be given a dividend of $0.05 per share on Monday, November 2nd. This represents a $0.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, October 19th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

BNY Mellon Municipal Bond Infrastructure Fund stock traded up $0.11 during trading on Friday, reaching $9.68. 197,069 shares of the company were exchanged, compared to its average volume of 63,083. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.19 and a 52-week high of $11.28. The stock’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $10.58.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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

The fund focuses on municipal bonds that finance infrastructure-related projects and public services. These investments may support areas such as transportation, utilities, schools, hospitals, housing, and other essential community facilities.