Samalin Investment Counsel LLC Increases Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Samalin Investment Counsel LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,203 shares of the company’s stock after buying an additional 4,250 shares during the period. Samalin Investment Counsel LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DMB. Rivernorth Capital Management LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after purchasing an additional 309,335 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock valued at $4,340,000 after purchasing an additional 222,114 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $845,000. Finally, HighTower Advisors LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.6 %

Shares of NYSE DMB opened at $10.72 on Monday. The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $10.74. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.93 and a 52-week high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.36%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.