BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Announces Monthly Dividend of $0.05

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, September 17th will be paid a dividend of 0.05 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, September 17th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB stock opened at $10.37 on Thursday. The stock’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.84. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.99 and a 52-week high of $11.28.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of DMB. Readystate Asset Management LP bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth about $163,000. Triumph Capital Management raised its position in 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 worth $93,000 after acquiring an additional 1,275 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in 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 valued at $2,728,000 after acquiring an additional 31,290 shares during the last quarter. Bulldog Investors LLP boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 30.1% during the 1st quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after purchasing an additional 120,446 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 1st quarter valued at about $125,000.

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.