Bulldog Investors LLP Buys 158,768 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Bulldog Investors LLP raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 91.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 331,979 shares of the company’s stock after purchasing an additional 158,768 shares during the quarter. Bulldog Investors LLP’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,552,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DMB. Allworth Financial LP acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $41,000. Nomura Holdings Inc. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $102,000. B. Riley Wealth Advisors Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $227,000. Thomas J. Herzfeld Advisors Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $238,000. Finally, Capital Investment Advisors LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% in the third quarter. Capital Investment Advisors LLC now owns 35,786 shares of the company’s stock valued at $383,000 after buying an additional 3,749 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB stock opened at $10.89 on Friday. The company’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $10.78. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12-month low of $9.58 and a 12-month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be paid a $0.042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.